The Long Investor
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$SIRI - WATCHLIST -
🕑 Added 2025-05-22 18:52:13 +0000 UTCI brought this to your attention lately to show that the price action has broken out of this very long bullish descending wedge.
We can see that there has not been a retest of the wedge breakout yet at $21 but there is a retest of the 50 Day MA today at $21.70 and so far holding.
If this level continues to hold for support then we should see a move higher to the 200 Day MA next at $25.
Above the 200 Day MA and holding and we expect a move up to the 0.618 Fib at $31 next and the range limit here brings the price action up to the 200 WMA at $46.
So I will be watching for a bounce here next....this does look good.
Downside risk is going back into the wedge again.
+4.85% Dividend too.
Comments
Sofiane
I bought this months back. I like the dividend.
Mark H
Thanks, Cap. I hold some and would be keen to add
Korey Wood
Ehh still making lower lows. I know Buffet likes this stock, I just don’t know why
