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
Shoutout to Rex Finance for putting this stock on my radar. Looks like the start of an uptrend and MACD just turned green. New CEO and website traffic is up.
1. There is obvious forming of ascending triangle with higher lows as circled in the chart
2. Each of these lows are supported on the trend line
3. On top of this the current candles are in consolidation and the 20 EMA which supports it adds more confluence for a potential breakout towards upward trend
4. MACD and ATR both shows low volatility and it is the best...
