SiriusXM Weekly Stock Talk 4/28-5/2

[denco1]

LOL Denco...we still think alike. I wrote that before seeing your message !

No doubt SXMI.....we still don't trust these Fks/MMs

Now if I can just figure out how to bail at the right time instead of holding on wayyyyyy to long......I'll be in good shape.

Good to see you around SXMI!

[denco1]

Triple top break on the high/Low with 3.25 print.....looks like we have a break of trend.

[airman]

Triple top break on the high/Low with 3.25 print.....looks like we have a beak of trend.

I think the more prominent resistance trendline is up at 3.45 I could see us getting up to 3.40 and hitting it soon.

here is a chart I have .. the green circle I drew in at the beginning of the year for buy area the orange square is that area I think might be a confluence magnet. We may not get to the trendline that fast though.(we are already getting oversold{{{ Obviously I meant to say overbought--a little late at editing this}}} and SIRI usually does not bust the Bollinger bands, at least not in quite awhile) In any case I would expect at least pause at that upper trendline when we find it. I wont say we are back on a bull trend till we break that trendline and consolidate above it.

https://www.tradingview.com/e/jx2YP44z/

[Wolf Child]

I shouldn't have to lose money every time Russia farts......

SIRI hanging in with surprising vigor.

#forced_anal_intrusion_therapy_for_Putin

[SlapShot27]

Putin's a sore-loser. I think he's pullin all this crap cuz Russia didn't win the hockey Gold-medal in the Olympics

[SlapShot27]

Have placed small test buys at 3.23 and sells at 3.25. No one is biting

[SlapShot27]

I'm glad it didn't sell-off going into the weekend.

[denco1]

I think the more prominent resistance trendline is up at 3.45 I could see us getting up to 3.40 and hitting it soon.

here is a chart I have .. the green circle I drew in at the beginning of the year for buy area the orange square is that area I think might be a confluence magnet. We may not get to the trendline that fast though.(we are already getting oversold and SIRI usually does not bust the Bollinger bands, at least not in quite awhile) In any case I would expect at least pause at that upper trendline when we find it. I wont say we are back on a bull trend till we break that trendline and consolidate above it.

https://www.tradingview.com/e/jx2YP44z/

Thanks for the input Airman!

Looks like you nailed the buy area. Would be nice to see us consolidate at or above 3.22....preferably 3.28 for starters....but if we pop to your resistance point I won't complain....would be much better to consolidate there. On the high low and the closing chart we have a triple top break and a double top break respectively. Those breaks have given us higher highs on both charts and should be a stepping stone for a turn we have been looking for. I guess the macro will have something to say about it as well but hopefully we take out 3.40 first which is BTW the next resistance point on the High/Low.......GL to the longs!!


High Low...

SiriHiLo.png


Close.....

SiriClose.png

[sxminvestor]

Triple top break on the high/Low with 3.25 print.....looks like we have a break of trend.

Yep, both P & F charts finally pointing to the upside breakout when they still showed downtrend going into today. Hope it is not a head fake because the volume was not there.

Probably a high volume day and close above 3.25 to fully convince me to break into a higher range and out of this 3 - 3.24 spot.