03.05.2016 - Sprint shares will probably continue the decline

The price of Sprint after several unsuccessful attempts to break through the resistance level of 3.80, started to decline within which has broken the lower boundary of the ascending channel and in the near future is likely to fall further to 3.12. A breaking of this level will be the basis for the continuation of negative dynamics of price with the objectives at 2.50. The growth in the near future is limited by the resistance level at 3.80, and its breaking through will cause a further increase of quotations with a targets 4.20. We expect a decline in the near future.

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