Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: Fried day, June 28, 2013

  1. #1
    Limit5Bass is offline
    Senior Member
    Limit5Bass's Avatar
    Joined: Nov 2012 Location: TrendyStockCharts.com Posts: 467

    Fried day, June 28, 2013

    So has SIRI broken out of it's downtrend? It is possible…..look at the chart……

    I used a channeling technique…..you start by connecting the high and the low in the current downtrend….(3.63 and 3.04 in SIRI's case). Then for the second channel line, you place it at the widest point in the downtrend between the high and the low from the first channel line


    SIRI 2013-06-27.jpg


    Now, this doesn't mean that SIRI won't pullback just because it has broken out of this channel. Just like how stocks in an uptrend retrace so do stock in a downtrend. Stocks that are in a downtrend typically retrace the same %'s. As you can see in SIRI's case, SIRI has retraced 61.8% of it's current downtrend with yesterday's 3.40 close.

    If SIRI has indeed stopped it's downtrend as the breakout from the channel has indicated, look for $3.04 to hold as the current bottom.
    Attached Images Attached Images

  2. #2
    denco1 is offline
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    Morning Bass!

    Thanks for the charts. SIRI going ape shit early. MMs trying to create some bag holders or is something happening. Low of 3.35 high of 3.47.....interesting action.

  3. #3
    Limit5Bass is offline
    Senior Member
    Limit5Bass's Avatar
    Joined: Nov 2012 Location: TrendyStockCharts.com Posts: 467
    interesting indeed. a few stocks i am watching are all having similar action that i would attribute to a shake-out
    Quote Originally Posted by denco1 View Post
    Morning Bass!

    Thanks for the charts. SIRI going ape shit early. MMs trying to create some bag holders or is something happening. Low of 3.35 high of 3.47.....interesting action.

  4. #4
    Limit5Bass is offline
    Senior Member
    Limit5Bass's Avatar
    Joined: Nov 2012 Location: TrendyStockCharts.com Posts: 467
    Hey Denco, just noticed you are on the list of top active posters!!! Way to go!!

  5. #5
    denco1 is offline
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    I also show a break of the downtrend on my chart......

    siri.jpg

    But, I show a lower high if we don't break 3.48

  6. #6
    denco1 is offline
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    Here's the current HighLow....

    SIRIHL.jpg

  7. #7
    denco1 is offline
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    Quote Originally Posted by Limit5Bass View Post
    Hey Denco, just noticed you are on the list of top active posters!!! Way to go!!
    Thanks Bass!!

    You seem to be picking up steam again as well

  8. #8
    denco1 is offline
    Mentor
    denco1's Avatar
    Joined: Nov 2012 Location: Shortie's A$$ Posts: 1,546
    The SIRI weekly chart has some BIGBALLS especially with a close in the 3.36+ area....

    SIRIWC.jpg

  9. #9
    Limit5Bass is offline
    Senior Member
    Limit5Bass's Avatar
    Joined: Nov 2012 Location: TrendyStockCharts.com Posts: 467
    I think that weekly chart says it all……I would like to see a strong end of day/week close today to keep the momentum going….a bullish engulfing candle appears to be setting up on the weekly chart and a strong close at the high of the day so far or higher would complete the bullish engulfing candle…….go siri go!
    Quote Originally Posted by denco1 View Post
    The SIRI weekly chart has some BIGBALLS especially with a close in the 3.36+ area....

    SIRIWC.jpg

  10. #10
    Limit5Bass is offline
    Senior Member
    Limit5Bass's Avatar
    Joined: Nov 2012 Location: TrendyStockCharts.com Posts: 467
    another link to the "other" forum - put on your UGG slippers and robe for this one….

    http://siriusbuzz.com/forum/showthre...0984#post80984

  11. Ad Fairy Senior Member
Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •