Shares of T-Mobile (TMUS) were upgraded to "buy" from "hold" by a fundamental sell-side analyst. Let's check and see if the charts are giving us better signals than in our January 7 review. In early January we recommended that "TMUS may hold above the late November/early December low and continue to hammer out a base, but the Point and Figure charts suggest we could make a low in the $101-$91 area. I would avoid purchases of TMUS until we get clear signs that a rally could get under way."
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