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

2018-12-06 13:28:06 GMT (Economies.com)
SiriusXM driven lower by pivotal resistance - Analysis - 06-12-2018
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0096
0.8384%
1.2573
-0.0130
1.0265%
14.624
0.004
0.027%
51.154
-1.091
2.088%
60.16
-1.26
2.05%
1240.015
-8.025
0.643%
 
 
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