Difficult to call this into earnings, estimates are for a reduction in earnings but increase in revenue, we will wait for a move before taking a position, high volatility on earnings is more than likely and the risk just seems to high to enter a position prior to getting more information.
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.
The stock (SIRI) has quite a significant uproar in (bullish) demand, as there still appears to be room for more upward momentum throughout the next couple of days.
Resistance Level 1 - (6.05 - 6.25) 20 pip interval
Blue Horizontal Line - (5.75 - 6.00) 25 pip interval
Support Level 1 - (5.45 - 5.70) 25 pip interval
PA - (5.70 - 5.85) 15 pip...
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 might be trying to form an inverse head and shoulders pattern with 6:38 as the neckline. This 6.38 area also served as resistance earlier this year. If price breaks through the neckline on increased volume, one might look for a target of 7.20, about a 12% increase as implied by the height of the head. Good luck; have fun.