The action today saw SiriusXM hold the line, but the EMA’s are still not pretty.  If we close in the $3.50’s tomorrow we will add yet another caution flag.  Don’t say you have not been warned.  The current base looks to be $3.50, but is the world news is bad, we must really consider $3.40 as a potential stop.

The support and resistance is cleaning up a bit.  The wall at $3.65 is no longer as strong and has shifted up to $3.69 or so.  In the short term look for more dabbling in the $3.50’s or low $3.60’s as the EMA’s converge.  Then be ready for a bolder move.  Whether that move is up or down is not yet set in stone.

Volume

8-28 siri volume

 

Support and Resistance

8-28 siri sr

 

Exponential Moving Averages

8-28 siri ema