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TMUS — gap-reversal

TMUS gap-reversal chart
Event date2026-10-09
Timeframe3m
Market cap$159.0B
Volume vs. average4.0x
Risk Reward-1.0
Tagsbad-news, capitulation

Summary

Incredible 9.3% gap on this and other comms companies as SPCX starts to buy infrastructure to get into the space, since it's well positioned with its internet service. It has uptrending earnings, but the fact that it's been downtrending for so long is not a great sign. It starts to capitulate with decent volume right before the open, and as it starts to bounce with volume, there is a good entry. I was out a few minutes later since it didn't keep going a bit more like T did on the same day.