Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the United States Virgin Islands. It operates in two segments, Wireless and Wireline.
Sprint (S) has created a strong imbalance around $5 per share, that’s a very cheap price if price ever retraces down there. You can see Sprint Corporation (S) weekly timeframe technical analysis in the screenshot below. We do not need to take fundamental analysis or earning releases in order to make a trading decision based on supply and demand while trading the bigger picture.
Will Sprint Corporation (S) retrace to that imbalance around $5 per share any time soon? Will that imbalance be valid by the time price drops down there? We don’t know right now, what we do know is that it’s a very strong imbalance and we are interested in buying shares of Sprint Corporation (S) stocks.
If you want to read about Sprint and its fundamentals, what is happening with the company and its sector, you can always be informed but remember you don’t really need that to buy shares of the stock using a supply and demand strategy.
A bit more about Spring Corporation (S) and what is happening in the wireless industry. In a concerted effort to deliver unparalleled network capacity, Nokia Corporation NOK has collaborated with wireless service provider — Sprint Corporation S — for the deployment of 5G network through a software upgrade on Nokia’s much-acclaimed AirScale solution. The partnership is likely to aid businesses and customers with reliable network connectivity, especially at a time when majority of communication service providers (CSPs) migrate toward experience-driven and automated 5G network operations.
Will the information provided above help our decision of buying shares of Sprint Corporation around $5? No, it will not! As simple as that.
Watch Sprint Corporation video analysis below to learn about about Sprint price stock today.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading Sprint Corporation (S) supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention Sprint Corporation (S) news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) if you are in a country where it’s allowed.
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