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TMUS Bullish Outlook: Wave ((4)) Low Holds, Eyes $300 Target

TMUS remains in an all-time bullish sequence. The recent dip appears to have found support in the blue box. The resultant bounce could advance to $300 thus, keeping the buyers in control.

T-Mobile US (NASDAQ: TMUS) is a leading U.S. wireless carrier, known for its aggressive pricing and nationwide 5G network. Headquartered in Bellevue, Washington, it is majority-owned by Deutsche Telekom. Since merging with Sprint in 2020, T-Mobile has become the third-largest U.S. telecom provider. It is listed on the NASDAQ-100 and S&P 500 indices.

TMUS has been the best stock investment since its launch in the secondary market in April 2007. Its stock price initially dropped from around $34 to a low of $7.75 in January 2010. However, the stock has risen significantly since that low, establishing a clear, all-time bullish sequence. This all-time bullish cycle appears incomplete. Wave I and II ended in May 2011 and June 2012 at roughly $25 and $7.60, respectively. From the June 2012 low, wave III emerged, concluding in July 2021 at $150. A pullback for wave IV followed, ending in January 2022 at $101, providing buyers with an opportunity to purchase during the dip.

From the low of January 2022, wave V started and has been very strong. Waves ((1)), ((2)), and ((3)) of V ended in November 2022 at $154, June 2023 at $125, and March 2025 at $276.5 respectively. The stock peaked at the March 2025 high of $275.5, where wave ((3)) ended. From that peak, wave ((4)) of V pullback emerged. In such a clean and clear bullish sequence, we like to stay buyers from the blue box.