Sprint Corporation: consolidation under support level

On the daily chart, Sprint Corporation is testing the support level at USD 5.5 from below. Notably, the stock broke through this level last year. The name is consolidating under this level, which could mean it may break out of this level to the upside, unlike the situation in September 2014. The price may also move downward toward the support level of a rising trend that formed in early 2015. Investors are advised to benefit from this movement, with buy-ins toward the USD 6 mark.

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