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Sirius In Pullback Mode

|Includes:Sirius XM Holdings Inc. (SIRI)

SIRI is now in a corrective state after falling below the critical $2.20 level where multiple points of confluence suggested this was a good support level. New buys should wait until we reach support on weekly chart, which I've deemed is between $1.97 - 2.00 due to Fibonacci retracement levels. This is an area where longer term investors can take a trade with a low level of risk. Chances that this trade will be successful will be greater if the RSI on the daily chart can remain above the 30 level.

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Stocks: SIRI