Last week, i've doubled down my position on the popular telecom stock $TMUS. (-0,1%)
Many people have recently saying $TMUS has an insanely strong resistance level at $195, where it indeed hasn't fallen through (yet). Historically, telecom stocks have been steady stocks with little drastic crashes in stock price.
Yet, $TMUS (-0,1%) has recently experienced a sharp downtrend in it's share value. In my opinion, this could be explained by the stepping down of it's CEO, a natural correction, or perhaps some fear of a stall in earnings growth in the following earning report(s).
Considering it's strong resistance and historical steady and reliable uptrend, even during recessions and Trump's tariffs, it seems -in my opinion- a great share to buy for medium- to long term holding.
At the moment, my portfolio holds about 50 shares of $TMUS with an average share price of ~$198.
With the sharp, explosive rise in $PHAG (+5,77%) value, i believe this necessity stock will hold strong in a possible upcoming recession (this usually happens after a great rise in precious metal prices, which we are seeing right now). My position is mostly a gamble without much technical analysis (for the long term, technical analysis isn't that important for steady stocks like $TMUS or REIT'S like for example $O (+0,33%) ).
How are you feeling about $TMUS (-0,1%) at it's current share value? Still overvalued? Or much room for (long term) growth?
