SIRI1 trade ideas
SELL Sirius long term tradeThe price just broke an support and we have a downtrend too. The RSI14 is in downtrend. I think that the trand will touch the white line and after it may come up.
Entry price: 4.14$
TP: 4.00$
SL: 4.24$
SIRI 18/8/16Looks bullish if SIRI can pop above this triangle formation, down at major support and accumulating in a tighter range. Keep an alert around 4.25 for a bullish move. That would give a 2:1 RR before filling the bearish gap.
SIRI IN A KEY LEVEL ON DAILY: BREAKOUT OR PULLBACK?SIRI is in a key level on daily chart, reaching a strong area to break. If it goes above this area a strong upside is possible, otherwise a pullback to the rising trendline.
SIRIUS with Inverse H&S / Flag / 1-2-3 patternH&S...Flag..1-2-3....all seems bullish for me.
There are clear trading marks/action Points:
Stoppsell with Prices < 3.7 --> tp could be 3.3
Stopp buy with Prices > 4,05, TP could be 4.5/4.75
Long SIRI if reaches $4.30 level. 35% upside potentialThis is such a dramatic stock.
Stock price drop from $69 to less than 10 cents. Anyway, who have dared to pick up this stock after 2008 crisis will have turned there investment into 100 times gain. That is the excitement part of stock investment...
Anyway, this stock has formed a nicely upward trend since then. Tested the trend line twice. If it break through the previous structure of $4.3, it will be a nice long till $5.80. Looking forward to it.
Simple Trading Techniques – Bullish Strategy
Go long the SIRI if it trades at 4 or higher. If triggered, place your stop at 3.85 and exit the position for a profit at 4.03 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of a strategy at: www.udemy.com
STARTING TO TURN UP THE VOLUME.SWINGING TO HIGHER PRICES,,,,,,,,
PULLBACKS BOUGHT AT HIGHER LOWS
OR AT A DEEP RETEST AT SUPPORT.
SIRI Buy Option SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30.
This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals.
Therefore, taking into account the power of the resistance line and all three strength indicators, one should short SIRIUS XM HLDGS INC. We have entered an over-bought market and hit a strong resistance line, all implying a decrease in the price.
SIRIUS/XM Holdings, reasons to get short....
FUNDAMENTALS
Arguably, satellite radio will be a phased out technology in the coming years. What the blackberry has been to communication devices, satellite radio will soon find itself in the dustbin of consumer products. Ever wonder why the SEC had such little problem with the Sirius/XM merger in the first place? The marriage of these two companies was figuratively monopolistic in the sense that they are the only game in town when it comes to SATELLITE RADIO, but there are so many other products it has it contend with.... It has to withstand a withering barrage against other products and services, such as youtube with bluetooth smartphone technology, Pandora, and the like. Fewer and fewer vehicle manufacturers are offering that new Sirius/XM radio pre-installed as you roll off the lot. Moreover, more consumers will not go through the headache of buying, installing, and subscribing to the service when these items simply aren't already in the car. I'm also confident that many without a vehicle are simply disinterested in buying their portable devices. Simply put, it's worn off.
But.... what's propping up this company for so long? Enter the Howard Stern Show. Mr. Stern himself has been pulling further back and trying to market himself as a more family friendly person/elder statesman of radio. Case in point, the scaling back of 5 days of shows a week to 3 days a week, the elimination of his news department, and his involvement in the mainstream primetime show, "America's Got Talent.". Many hardcore Stern fans that have been with him since his peak in the 1990s have noticed a shift in his personality and show format that they find wholly unappealing, and has led to an online firestorm following an extended segment where he tried to adopt kittens out live on the air.
What's more is that Stern's contract is up this month. Even with a renewal of Mr. Stern's contract for a few more years, his dwindling involvement even as his potential employment continues will not signal any kind of surge in this stock's price. We see price approaching a resistance level around the $4.16 area, a place it has not traveled to since of October of 2013, but more on the technicals later. Point is, even a Stern re-sign isn't going to help the stock's price bust through this level.
I assert that the Stern Show is the only thing propping up this company. But as Mr. Stern makes awkward attempts to re-brand himself incongruent with his overall image, together with his dwindling involvement and resources devoted to his show, he continues to alienate even the most die-hard fans that support Sirius XM. The technology that competes with Sirius XM is becoming more lean and abundant and the show can only keep this company on life support for so long.....time to short. Long term, this stock WILL tank.
I invite anyone working for the Stern organization or Sirius/XM to contact me personally to help consult on how to right the ship here so their stock price's decline will not be as calamitous.
TECHNICALS
As previously mentioned, we are approaching a resistance level around the $4.16 level, a place that price action hasn't traveled to since October of 2013. Long term, this stock WILL tank, .For our swing trading friends, we see two opportunities associated with this resistance level. There is a Cypher pattern nearing completion there (red) and a bearish Gartley pattern starting to form in the vicinity. The fall of the price will not be without retracements, as evidenced by the bullish Cypher pattern that is out on the daily. The bearish advanced patterns mentioned here are a great way to get in on the short, but just be aware that this stock's price has been banging around a channel between $3.98 and $4.16.
Bearish Shark Pattern + Bearish Rsi DivergenceBearish Shark Pattern + Bearish Rsi Divergence.
I Always set my TAKE PROFIT at the min Profit on these trade ideas. OF COURSE YOU COULD TAKE THEM FURTHER THAN THAT. Many different trade management strategies could be used. Do i stick to the min PROFIT TARGET on my personal trades, mostly not!!!!!!!!!!
Is Apple Inc. (NASDAQ:AAPL) The Death of SIRI?When looking at the chart of Sirius XM Holdings Inc. (NASDAQ:SIRI), it is not hard to predict who will win this war of becoming the preferred software and music service in everyone's cars. Yes, you guessed right; without a doubt, it will be Apple Inc. (NASDAQ:AAPL). After all, the iPhone is one of the most popular devices among smartphone users. Also, most high and medium priced vehicles come with adapters specially designed for the iPhone already. Did I forget to mention that Apple Inc. (NASDAQ:AAPL) has a free streaming music service? Why will users continue to pay a monthly fee for a service that will be free for many with the CarPlay integration?
As a technical trader I don't really care about the news. Instead, I utilize the stock technicians crystal ball (Charts) to see the future ahead of everyone else. Take a look at the chart above. It is the weekly chart for Sirius XM Holdings Inc. (NASDAQ:SIRI). Note how it made a high of $4.18 during 2013, putting a classic topping pattern in place. Since then, the stock has been drifting lower. It is now consolidating in a bearish manner, and within the next couple of weeks I expect it to break down. Could more news of CarPlay be the catalyst for the decline? I'm not sure, all I know is that the chart is giving us a peek into the future of Sirius XM Holdings Inc. (NASDAQ:SIRI) and it does not look bright. The levels to watch as it falls will be; $2.72 and $2.37 At those levels SIRI might get a few resuscitation attempts, however, once those levels break, it will go a lot lower.
Please feel free to leave your comments below and let me know what you think will be the catalyst for the death of Sirius XM Holdings Inc. (NASDAQ:SIRI).
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Elite Round Table, Pro Trader
www.inthemoneystocks.com
Sirius: Bear Trap A potential head and shoulders pattern failure, will probably be confirmed on a break above right shoulder at 3.88, that may confirm an initial target at 4.18 and probably higher to 4.35.
Potential Short in Siri (Look at Pandora as Well)Siri has just lost a key level on strong volume today representing the 200 day moving average and a huge uptrend, siri has also closed outside the bollinger band with RSI dipping and the MACD curling to the downside, watch this closely this week to see if a bounce takes place, if not and this keeps closing below the 200 day then short at will with a stop at the 200 day which will become resistance
Strong uptrendPrice was well defined by the upsloping pitchfork and retraced at the Upper Parallel...spot on!
Now price is hovering near the Median Line but trend is still UP.
Good time to LONG now but always practise strict risk management. Target is along the Upper Parallel.
SIRIBottom of Channel being tested, I expect a bounce upward past $4, maybe to $4.20 by late January.
Profit Target: $4.00
Stop Loss: $3.20
SIRISIRI in a well defined channel up now retracing to the bottom of the channel with prev support at 3.6-3.55 and a positive divergence
nice risk reward here
1st target at 3.8$
stop will advence withe the channel
