Liberty Media Corp NASDAQ:LSXMA may have just double bottomed near $20. If so, it could mark the beginnings of a turnaround in price (especially during this political season). However, I am staying cautious. Warren Buffet was diving into this name a little too early for my taste, but now it is in a personal buy zone if it can stay above the $20 mark in the...
Siri to rise to the $5-$6.50 gap. It's clear as day on the chart.. with the 50 day moving average crossing the 200 day in an uptrend.
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NASDAQ:SIRI
As you can see here, we are forming a double bottom on a demand zone. We are also sitting on the 200 Moving Average. I would look for a strong green heikin ashi candlestick. We are also trading in the direction of the trend.
On 1 120 minute chart, SIRI is now well positioned having tested the support of
two sets of VWAP bands anchored back two earnings periods and so 3 months apart.
The mean VWAPs are confluent and so form strong support. I expect the price to
return to the early December high and test that level. In the past day a buying volume
aberrant spike was printed. The...
Analyzing the options chain and the chart patterns of SIRI Sirius XM Holdings prior to the earnings report this week,
I would consider purchasing the 4usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $0.32.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
most hyped company back in the day
the new radio satellite kinda like the BLOCKCHAIN METAVERSE NFT and Ai early stages
a great Hype Cycle issue
that is applicable to TECH STOCKS crypto narratives etc..
the initial phase is a classic 40x similar to Pre Ipo holders and pre allocation of iCOs
the recovery stage is also similar wth a 100x ++ payout ..
question...
Siri is at the bottom of its trend channel. Expecting it to go back up soon, Good spot to buy now or $5.75 if you want more at the end of the dip, but trend shows this point might be going back up.
This is just my basic MONTHLY charting.
I have marked what I see as the POSSIBLE bottom (support).
I see overall DOWNTREND with reversal.
I have marked my potential BUY LEVEL for LONGS//CALLS.
SIRI gives me Blackberry vibes. No one paid attention to Blackberry and thought the bulls were crazy for getting long in the 5s and 6s. You could see some of the comments in this post on BB here from Aug 2020:
Tightness in volatility is what traders look for. Especially multi-year consolidations like SIRI.
In my first year as a stockbroker my boss said......
SIRI has a nice head and shoulders pattern today, these patterns appearing after a long bullish trend is a good sign to continue bullish. The ATR is showing price action is leveling out and with all the room for growth in the RSI we think it will keep chugging along.
Shown redlines represent strong support lines. Stock is likely to get strong impulse and start bullish wave. Blue lines are likely points of resistance and taking profits
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...
