Sprint Corporation Wave Analysis – 03 February, 2020

• Sprint Corporation broke long-term support level 4.80
• Likely to fall to 4,000

Sprint Corporation recently broke through the powerful, long-term support level 4.80 (former yearly low from the start of 2018, as can be seen below).

The breakout of the support level 4.80 should accelerate the active impulse wave 3 – which is a part of the multi-month downward impulse sequence (C) from last year.

Sprint Corporation is likely to fall further toward the next round support level 4,000 – which is the target price for the completion of the active impulse wave 3.