CoryMitchell-CMT

Eyeing Breakout in Sprint (S)

Long
NYSE:S   None
280 views
4
Look to buy on breakout above triangle, preferably daily close.

Stop loss below triangle.

Note that the target is an estimate. Can also use the ATR Stops Indicator as a trailing stop loss if preferred.

More advanced trade is to buy within the triangle (most recent signal near $8.45) as the trend is up. Stop loss still placed below triangle. This vastly improved the Reward:Risk

Ideally, volume should increase on breakout.
Cory Mitchell, CMT
Stock and forex trading insights at https://tradethatswing.com/

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