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Guys I see today that there was a channel short and there is the channel turn down. I am moving stop to even now and will look to exit at R2 intraday. There will be better times to be long SIRI. Just not now.
This is my chart check up on SIRI. Blue arrow long would have been the best play, but several other buy signals were given along the run. Notice the RSI as it surged into overbought territory. Just like many stocks the ADX has been getting weak for some time. I think it may be possible for a bounce off current prices bases on STO showing a hook-up. Todays action will give better signal. I would become bullish on this stock if it can close above 7.80.
Any comments on this check-up?
I think it may be possible for a bounce off current prices bases on STO showing a hook-up. Todays action will give better signal. I would become bullish on this stock if it can close above 7.80.
Any comments on this check-up?
Looks like we got the bounce, but with the good news from Ford I would have thought more upside and more volume, on the other hand it was up on a decidedly down day for the market.
I am already in long but I am not going to add anything right now.
SIRI definitely has some great news and a very bright future. This is going to be a huge and successful company. I fully expect Sirius to surpass XM in subscribers, because of the fact that they are much more innovative company. SIRI will eventually be hugely profitable.
All I need is a good correction and I'll get back in. I still think it's overbought at this point.
BTW...I now have 2 Sirius receivers and haven't listened to FM radio since I've had them.
I notice a very small and insignificant channel long yesterday. Wondering whether we should buy that..... If we were to, the pivot today at 7.57 would be the play. Maybe I'll just watch it and contemplate more. Maybe wait to chase a channel turn up???? It's just hard to be aggressive right now. I prefer to enter on weakness.....give myself an edge.
I notice a very small and insignificant channel long yesterday. Wondering whether we should buy that..... If we were to, the pivot today at 7.57 would be the play. Maybe I'll just watch it and contemplate more. Maybe wait to chase a channel turn up???? It's just hard to be aggressive right now. I prefer to enter on weakness.....give myself an edge.
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