Seeking Alpha

Jeff Pierce's  Instablog

Jeff Pierce
Send Message
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
  • Sirius In Pullback Mode 1 comment
    Apr 25, 2012 12:33 PM | about stocks: 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.

    (click to enlarge)

    Grab a free 6-month subscription to Bernie Schaeffer's Option Advisor newsletter.

    (click to enlarge)

    Stocks: SIRI
Back To Jeff Pierce's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Mking30
    , contributor
    Comments (140) | Send Message
     
    well exactly what stock do u see out ther that isnt in pull back mode or trendin downward, that are under$ 10.00.?u shot down both of my aces in the hole,no pun intended...(dang,siri)
    25 Apr 2012, 02:57 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.