SiriusXM tackles neck of Inverse Head and Shoulders pattern - Analysis - 13-12-2018

Sirius XM Holdings' stock rose 0.96% in the last session, or 0.06 points, tackling the pivotal resistance of 6.38, representing the neckline of a positive pattern that formed in the short term, the Inverse Head and Shoulders pattern, with positive support from the 50-day SMA, countered with negative signals from the RSI. 

Therefore we expect more gains for the stock, provided the resistance of 6.38 was breached, targeting the next one at 6.82. 

Expected trend for today: Bullish