SIRI trade ideas
$SIRI Is the risk reward appealing in Sirius XM.?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.
Position Formation - 45m Interval - SIRIHello Everyone,
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 interval, after price influx (bull)
Furthermore, consider the current RSI level (Almost overbought threshold). Further analysis and patience of market movement may be necessary for proper judgment.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Plan)***
-LionGate
What's Going on With Sirius XM?!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 Megalodon indicator is giving us the green light to buy SIRI. For information on how the Megalodon indicator works, or to use it for yourself, just send me a message!
SIRI Trying to Form an Inverse Head and ShouldersSIRI 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.
SIRI - Fibretrace at 0.618SIRI has acquired Pandora (P) and will likely increase subscriptions in coming quarters.
Earnings coming Oct. 26th
Dividend currently measly $0.01/Qtr or $0.04, or 0.64% with current price.
Unless market further corrects this should bounce to 0.500 fibretrace next week for 5% jump, ideally 382 for 10% target.
Placing low ball open order below this at $6.15.
