SiriusXM driven lower by pivotal resistance - Analysis - 06-12-2018

2018-12-06 13:28:06 GMT (Economies.com)

Sirius XM Holdings' stock fell 2.06% in the last session, or 0.13 points, after the pivotal resistance of 6.38 held on, representing the neckline for a positive pattern that's forming currently in the short term, the Inverse Head and Shoulders pattern, while gathering momentum to help it rise anew, amid positive support from the 50-day SMA.

Therefore we expect the stock to return higher, provided the resistance of 6.38 was breached, targeting the next one at 6.82.

Expected trend for today: Likely Bullish

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