T-Mobile US Hits $850M Volume Ranks 90th in Market Activity Amid Bullish Wave Pattern and Key Resistance Levels

T-Mobile US (TMUS) closed August 18 with a 0.22% gain, trading at $0.85 billion in volume, ranking 90th in market activity. Technical analysis suggests buyers regained control after a correction phase, with key resistance levels at $235.12 and $234.28. The stock's performance aligns with an Elliott Wave structure showing a potential continuation of bullish momentum if it breaks above $235.12.

Analysts highlight TMUS's position within broader market dynamics, noting its resilience against sector-specific volatility. While other stocks face mixed signals, TMUS's price action reflects a defined wave pattern indicating short-term stability. However, caution is advised as wave (II) corrections could test support at $229.92-$227.24 if the upward trend fails to consolidate.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a total profit of $2,340 from 2022 to the present. This corresponds to a 23.4% cumulative return on initial investment, demonstrating moderate performance amid market fluctuations. The conservative approach underscores the impact of volume-driven trading in a volatile environment.