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

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1337	0.0038	0.3403%
EURUSD awaits confirmation signal – Analysis - 21-02-2019
	GBP/USD	1.3044	0.0137	1.0618%

	Silver	15.995	0.216	1.369%

	Oil	57.260	1.486	2.665%
Crude oil touches the first target – Analysis - 21-02-2019
	Brent Oil	67.18	0.14	0.21%

	Gold	1339.840	18.505	1.401%
Gold price achieves some bearish correction – Analysis - 21-02-2019

News Today

Dow Jones ends higher despite doubts on Fed's policies

2019-02-20 21:49:41 GMT

Sterling rises but still gives up 1.31

2019-02-20 18:35:12 GMT

Dollar falls for third straight session

2019-02-20 17:23:20 GMT

Aussie steadies on US-China trade optimism

2019-02-20 15:53:34 GMT

Risk Disclaimer: Trading in financial markets and foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts. Enzious Limited does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.