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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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.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.