Sprint: On a possible bottom. Conditions for buy.

Sprint posted a strong rebound yesterday as it found Support on the 4.80 - 4.70 Zone. At the moment it is still on a strong 6-month Channel Down (1W RSI = 34.548, MACD = -0.393, ADX = 48.905, Highs/Lows = -0.4078) but the conditions for a long term bullish reversal may have already started to emerge.

The strongest bullish confirmation would be a break above the 1D MA50. As you see on the chart that would coincide with a cross over of the Lower High trend line of the 6 month Channel Down (dashed line). Additionally the RSI may be repeating the bottom sequence of early 2018.

If the 1D MA50 gets crossed, we will buy targeting the 6.10 - 6.25 Zone.





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