SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30.

This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals.

Therefore, taking into account the power of the resistance line and all three strength indicators, one should short SIRIUS XM HLDGS INC . We have entered an over-bought market and hit a strong resistance line, all implying a decrease in the price.


update: SELL option, mistake in the caption
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out