SIRI per Dabum3
SIRI is setting up in a potential snap back pattern. SIRI has been in a Stage 2 uptrend and after setting a recent price high, has consolidated over the last few days, down into a minor price support level and above a rising 20 day moving average. Monday's candlestick pattern is showing a bottoming tail and that was followed yesterday by a narrow range bar inside the previous day's trading range. This is a bottoming type pattern that suggests we may see a reversal here. I have made notes on the accompanying chart. Note the high volume, professional gaps followed by a bullish consolidation, then a break out off that consolidation. Price has retraced back to that consolidation and this is a logical place for price to reverse.
Message 21912203
SIRI,uu[h,a]daclyiay[d20050922,20051122][pb20][vc60][ilah12,26,9!lc20][J63381051,Y]&listNum=1'>http://stockcharts.com/def/servlet/SC.web?c=SIRI,uu[h,a]daclyiay[d20050922,20051122][pb20][vc60][ila... |
