trading right below PoC. Stoch oversold. MACD about to flip over. Volume rising check. But watch out for the 100SMA, could reverse as its right on top. I would only trade if it breaks 100SMA.
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
With the recent ARKX space etf news, $SIRI is the space stock nobody is talking about. No major competition and they’rea top 10 holding of UFO (existing space etf)
SIRI looking bearish. RSI topped out, but should have a relief rally around these levels, but trend and general price action looks more like a double top - with the first top in Aug. second getting finalized now.
Some price points of interest in the dashed lines.
SIRI looks like it's formed a bull flag which it's about to break out of. SIRI's fundamentals look pretty good. Analysts are recommending to buy it. $6 is a natural support/resistance, and it has snuck above it a couple of times.
I'm planning on entering in with a medium size position at $6.00.
My risk is $5.85 (2.5%). I'm hoping for it to go up to around $6.70,...
Sirius XM Holdings, Inc. is a radio company. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation and SiriusXM Marine. The company was founded in 1990 and is headquartered in...
Long term:
LLLH + Y1<Y2
there is power down, fibo hit down as well
it will be a rolling stone if reversal down succeed @ 5.11
T1<T2
W&R down criteria #1. NO reversal signal confirmation yet. Is better to wait for retrace to complete first
Short term:
LLLH
X2 hasn't appeared yet
wait for reversal signal
TP @ 1.41
SL @ 7.73
