Posted On: 12/17/2013 11:40:47 PM
Post# of 2561
SIRI Daily Chart ~ Don't Fight a Break Below the MA200
Link back to my previous charts on SIRI. I like this drop because I sold with some gains two weeks ago. As I mentioned, if the share price falls below the MA200, then more downside is probably in store. I don't believe the low of 3.18 last week will offer any support, so I'm looking for the next levels of 3.20-3.30. In the meantime, the FullSto and MACDs are definitely in oversold territory but they need to level out first before I attempt another swing trade here. GLTA
Link back to my previous charts on SIRI. I like this drop because I sold with some gains two weeks ago. As I mentioned, if the share price falls below the MA200, then more downside is probably in store. I don't believe the low of 3.18 last week will offer any support, so I'm looking for the next levels of 3.20-3.30. In the meantime, the FullSto and MACDs are definitely in oversold territory but they need to level out first before I attempt another swing trade here. GLTA
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