The equities market puked again to start the week on Monday (11/19). But within this environment of risk aversion, T-Mobile $TMUS looks resilient and likely to rally when general market sentiment stabilizes. TMUS Daily Chart(click to enlarge)Bullish Breakout:- The daily chart shows us that TMUS has been consolidating since 2017 with support above $55 a share. - Eventually in September, price action broke above the consolidation pattern and made new highs above the 2017-high. - The breakout coincided with market contraction in October, and TMUS consolidated and even dipped back into the previous range. - But the fact that the market held price above the 200-day simple moving average, and above the $64 support pivot, revealed to us that bulls were in control.Support:- It looks like if TMUS can withstand some market risk, and hold above last week's low and support at $67, we should see upwards pressure towards $71. - Otherwise, if price gets dragged below $67, we can anticipate more pullback towards $64. - At the moment, I would anticipate support at $64, even if there is some market contraction (as long as its not something like a 10% slide in the NASDAQ this week. ) - In general, we should anticipate range-bound action between $64 and $71 while the general market is risk averse. - But if we get a couple of weeks where risk appetite improves, we might see TMUS attack and break above the $71 high on the year. Overall Trend is Bullish:- The prevailing trend also favors the bullish outlook. - The weekly chart shows a persistent bullish trend with price holding above key moving averages.- The RSI has also been able to push above 70, and subsequently hold above 40, which is a sign that bullish momentum is intact. TMUS Weekly Chart(click to enlarge)