The indicators in the top 2 panes trend down (they crossed the 0 line, one is actually about to). The bottom one reached a low signifying bigger changes are coming (it doesn't tell the direction but based on the other indicators I expect it to be down). Other good picks for short: PFE, XLB and IMO. For long positions look at my AMD idea.
First off don't take anything I say as financial advise or seriously, as always this is on opinion basis. Now that being said, let us get into some key points. Sirius Holdings had a positive earnings call in comparison to the same time last year, even without direct revenue guidance. They have beaten many market expectations and calls by analyst. Since there is...
We broke the down trend and are seeing very standard continuation pattern!
We are currently completing ABC flat correction which will soon end and when it does we will have a very nice buy opportunity.
I will update the chart when I see the setup and post it on the channel, stay tuned for more.
Check out some of my other ideas down below.
Hello Traders, Sirius XM Holdings Inc
NASDAQ: SIRI 5.27 / 5.26 VS 6.17 / 6.14
Breaking the Down Trend Looking For Continuation patterns ( Blue / Yellow )
for the current impulse to continue the Upside movement towards 6.14 / 6.17 / 6.34 / 6.36.
Looking for a pull back this week that is support by volume and matching price action. Projection break of 200ema and retest of that and staying above. Various signals are painting long as shown on charts.
Lots of big news surrounding Sirius XM recently... And it's good news. SIRI not only beat their estimated earnings, but they also just acquired Pandora! Toyota also just announced that they will be making Sirius XM a standard feature in all vehicles in the United States. SIRI also claims to have many big plans for 2019, let's hope for a strong year! The...
SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters.
Earnings coming Oct. 26th
Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price.
Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target.
Placing low ball open order below this at $6.15.