Sprint: Triangle bullish break-out. Aiming above $15.00.

Following the merger approval, Sprint hit our short term target zone of of 6.10 - 6.25 much sooner than expected as shown on the chart below:

Our attention now shifts towards a much more long term time frame, as the stock broke above its multi year Triangle on the 1W chart, with the RSI crossing above the 70.000 mark for the first time since February 2017 ( RSI = 71.642).

The 1W MA50 was also crossed and with the RSI pattern resembling the 2016 run, we have formed the modelled the next Target Zone at 15.80 - 19.00.

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