SiriusXM Holdings Inc.Updated inH&S target almost reached
2 years ago SIRI broke the neckline of the Inverse H&S. My target price of $7.80 is almost reached. As of now I will be very cautious and start using a moving stoploss.
For those who are unfamiliar with the inverse H&S. A common way to set a price target is to measure from the head to the neckline. (in SIRI I measured 396) Then add that measurement to the neckline. That is a possible target price. I do not have much money to lose, so I play the cautious approach and start taking profits 5% lower than my target price.
For those who are unfamiliar with the inverse H&S. A common way to set a price target is to measure from the head to the neckline. (in SIRI I measured 396) Then add that measurement to the neckline. That is a possible target price. I do not have much money to lose, so I play the cautious approach and start taking profits 5% lower than my target price.
Note
A year and a half late we are again approaching a possible close above $7.30 which can cause an explosion. SIRI is still following a strong trendline since 2009. Thats over 10 years of positive trend. Long term hodls are the key, im telling you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.