SiriusXM tries to recoup some losses - Analysis - 12-10-2018

Sirius XM Holdings' stock rose cautiously while trying to recoup some past losses and vent off oversold saturation in the RSI, while settling below 6.14, a level that represents the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 5.17 to 7.70), scoring a cautious profit of 0.34% in the last session, or 0.02 points, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, as long as it settles below 6.14, targeting the next support at 5.77, which represents the ratio 76.4% of the same retracement levels. 

Expected trend for today: Bearish