Nov. 13 at 2:22 AM
$SIRI: The last close at
$21.72 is near the midpoint of the 60-day range (
$20.86 -
$24.85), indicating a neutral market context. The RSI at 49.67 suggests no immediate overbought or oversold conditions, allowing for potential movement in either direction. The price is below the 30-day moving average (MA30) of
$21.92 and the 50-day moving average (MA50) of
$22.48, indicating a bearish bias in the short term.
Suggested entry:
$21.80, slightly above the MA30 to confirm upward momentum. Stop loss:
$21.40, below recent support levels.
Targets: First target at
$22.50, near the MA50, and a second target at
$23.00, which is below the 60D high of
$24.85, allowing for potential profit-taking before reaching resistance.
Monitor for price action around the MA levels for further confirmation.
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