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