Spring Corporation (S): Bullish Signal!
SUMMARY
Sprint Corporation (S) has been putting in a multi year Cup & Handle pattern as shown in below chart. Price has already broken out of the handle portion and that's bullish. Elliott Waves states that news or events shall arrive to justify the forecast. Well, perhaps the Sprint - TMobile merger would be exactly that!
The fully labeled chart shows that an ABC ZigZag composed the first half of the Cup and an impulse of five waves the second half. The handle portion was also an abc and the blue waves outline the probable price pathway. The MACD also has given a bullish buy signal (blue circle).
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Investors believe that good things still lie ahead.
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👍🏻 a-0-0
Always hated T-Mobile
Commenting on haejin post becoming boring day by day. We do not ask you to up vote us. Up vote your post and content. that has no problem with us or me. Just reply and talk with us. This is a community where people share their thoughts. What are you afraid of???
Agreed...
Sprint is in a lot more debt than the other cellular carriers. And they are in serious trouble. They are hoping that the merger will buy some time, since rising interest rates will cripple their chances of paying back the debt they acquired. For more information about it and other companies is big trouble, see my blog at https://steemit.com/money/@tjfire/serious-warning-for-stock-market