Equity Oracle: 07/24/14


This is a weekly candle chart for Sprint Corp. (Ticker: S) and as you can see the stock has stopped right at a key role reversal line around 7.74. If you were to look at a daily chart of the stock you would see some green candles starting to show as the stock begins to form a pivot point. Our strategy here is very simple. Buy the stock, protect the position with stops and wait for the stock to hit our target price. From there our goal is to take the profits and run.

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