S trade ideas
Sprint: Death Cross on 1D pointing lower.Sprint made a Death Cross on 1D last week (MA50 crossing under MA200) on bearish RSI = 38.934, MACD = -0.125, Highs/Lows = -0.1518. The same pattern has been spotted 3 times in the past, all of which resulted in massive loss in value (roughly -41.50%, -52.30% and -47.80% respectively). Assuming it follows a similar pattern, an equivalent of the last Death Cross (which was the "weakest") will pull the price down to $3.25. It is definitely not a good time for investors to enter Sprint. Traders may look to start adding shorts using the previous Lower High as stop loss.
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4/27 In a downward range, Last attempt to break out failed.Three black crows candlestick pattern at top of range (Kinda a valid range, not really)
-Last three daily candles have been good-volumed selling, bears dominating, no bullish wick at all.
-earnings on 4/30, not expecting good news
Could see it at the least test the middle of that range, somewhere around that 5.25 mark, then willing to bet it'd continue
$S SPRINT FALLS OUT OF BED WITH T-MOBILEThe department of Justice seems to be about to scupper plans of the proposed merger Of Sprint and T-Mobile, of course this stance could change very quickly so be very careful it shorting to place a tight stop loss, any good news could result in quite a pop in price and earnings are also approaching.
S longI could see 10$ easily if they could get their act together. I work for them indirectly and the place that I work is the most inefficient place you can imagine and the turn over rate is off the hook.
People are calling, because they have problems paying their bill and we are told to upsell them. Since I don't care and they can fire me at any time, I try to go out of the way to help the customer and help them reduce their bill. So they can stay with sprint. full disclosure I am a share holder, so I guess i see it differently. Most of my coworkers just want to make the 20$ NBA bonus. LOL
If they changed their model of upselling and instead focused more on trying to retain the customer by incentivising line retention. This company could go to the MOON.
Long Sprint (S)Weekly:
Cup&Handle formation
Basically price is consolidating and I am expecting price to move.It may move sharply up or down. I am expecting this due to the BB Bands width getting narrower and narrower.
Given that the moving averages are supporting price expecting price to move upward. Further last Weekly bar was a bullish engulfing pattern signaling strength.
Daily:
Break of the Upper Bollinger band confirming momentum to the upside.
Positive Divergence on the MACD to the upside
Symbol: S
Trade: Long Calls
Strike: $7.00
Expiration: 05/17/19
Cost: $.30
Contracts: 4x
Total cost = $120.00
S(weekly chart). Potential InvHS at Support, on break and close.S(weekly chart). Potential InvHS at Support, on break and close.
Gamble on Sprint?T-Mobile and Sprint are in talks of performing a merger, however with T-Mobile's CEO making promises of maintaining the same price is a sign of the deal falling through, and we can see that in the price dump on Tuesday. The Megalodon is giving us a strong buy signal on the technical side. Keep Sprint on your watchlist, and keep an eye on this potential merger!
The Megalodon indicator uses an artificial intelligence, combined with data from over 500 buy setups, and over 2000 indicators to produce extremely accurate buy signals on any and all asset classes! Send me a message if you would like to try it for yourself!
We are now bullish on Sprint Corporation (S) but need more ....Sprint Corporation, together with its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
We are now bullish on Sprint Corporation (S) . However we would like to see the stock trade above our Short-Term Model Down Trend Line at $6.25 in the direction of the Long Term Trend which is bullish.
If this occur I will design a Trend Continuation Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range ( 4 x 0.15=$0.60) below the current price at $6.20 . This will give us an Exit Price of $5.60 if our bullish analysis is wrong.
This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.
Price Target 1: $7.10
Price Target 2: $12.50
Price Target 3: $20.40
Price Target 4: $25.00
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Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.
The Future High / Low price swing dates for SThese are the FUTURE dates for S with the highest probability for experiencing a price
swing high or low. Apply your own indicator(s) to determine the price swing direction.
my thoughtsso my thoughts on this now, im tired of losing money so im really trying to hammer this in, is that when the stock hits the trendline other traders wait to see a green candlestick after that as their signal to buy..
S this one is a beautyS this one is a beauty. lots of real estate. break above top line will send it flying. Wait until TMO merger is approved :o)
Looking for a windup and breakoutNice volume and price action is holding. Sprint is still a buying opportunity. Sprint could hit $12 within 12 months. NYSE:S NYSE:S
Unlimited by 200 Day MASprint is a decent looking buy a little lower, and it looks like it may be going towards $5 something (Or maybe higher). The company has a couple of warning signs on Gurufocus.com: I don't know what they are, (I don't subscribe to the full version yet) . The stock just hit it's 200 day moving average. Most whale investors like to see that as a qualifier for investment stocks (At least thats what I've heard). NYSE:S has invested well into it's networks and cellular users' experiences. It looks like the chart could be forming a bearish flag at this point. It does have a stock price below its Peter Lynch number, which famed investor Peter Lynch used to measure a stock's price compared to it's earnings...It basically means that the stock is possibly a good buy, if it's graphical price line is below it's graphical earnings line. CONS: Net sales are down a little in Q4 2017 from Q4 2016. Does NOT pay dividends. EBIT was down in Q4 2017 from Q4 2016. PROS: Increased cash, equity, and assets in Q4 2017. Decreased debt in 2017 Q4. High trading volume and well-known US company.
Bullish CypherKinda weird/awkward looking bullish cypher, but it measures well and has some decent bullish divergence.
Sprint LONGHello Again,
So I decide to put a CALL option on S this morning. I see more upward push than anything else.
I personally love EMA fibs as a momentum indicator and I see some convergence, therefore, a time of uncertanity. However, I see the STOCHASTIC RSI as super high, the trend is up, but this can represent some incoming price action. Hoping for some big FOMO buyers that are driven by news. I am strong beliver in the chart and I really do not care to understand what is going on in a company. I am a minotiry in that sense, however, I will not discount it. As many now of the talks of an upcoming merger with T-Mobile. This is obviously good news, but as a friend told me partnering with Sprint is the kiss of death.
Volume bars are low which tells me anyday they can turn. OBV is going up. All things up.
Long Sprint PlayOn the daily, S has tested support and failed to break multiple times. Given the uncertainty surrounding the merger, there is a potential for large move in either direction. With tight stops, this setup allows for a large upside, small downside setup.
