From 6/19 to 7/06 there is a 12 cent gap. The trendline was tested @ 0.36 and 0.42 but the gap was never filled. It is being filled now that the trendline and the 30 day moving avg. have been broken...
SIRIUS XM SATELLITE RADIO FORUM
Type: Posts; User: Siriusowner
From 6/19 to 7/06 there is a 12 cent gap. The trendline was tested @ 0.36 and 0.42 but the gap was never filled. It is being filled now that the trendline and the 30 day moving avg. have been broken...
Your strategy makes sense. Why didn't you sell those shares that you bought above a dollar when they dropped 10% ? Did you missed the boat ? Why didn't you sell them at 0.46 ? or even when this issue...
Wait until it closes the gap. The gap closes at .35. It WILL retest the .35 area and then will either bounce or take it out.
I called the bearish pattern 2 days ago @ 0.46 and said it was going to...
Weak support was a .42 and it was easly taken out. I'd be surprised if .40 offers anything suport at all.
Next stop is .35
Wait.
Below 0.40 is not a buying opportunity just because is below 0.40.