The Long Investor
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$SIRI
🕑 Added 2025-03-17 09:07:10 +0000 UTCI am a fan of $SIRI and have been considering a position but I want to see a breakout of the descending wedge and holding and this has not come yet.
Bulls are looking for a higher low now and I have added in the amber support levels to show where it needs to come in.
Price needs to hold above $21 or the price action is at risk of moving down the descending wedge further and a possible move to the larger green 0.78 Fib at $18.
When a breakout does come, I believe this could attract buyers and there is a route to the 200 WMA which is at $48.
Comments
Mark H
Moved really well since this post and looks as if it may have broke out the wedge
AJ
Buffett fave
Nigel
As the older days with higher prices come out of the 200wma, that 200wma will drop considerably, below 48. I don't understand how $48 holds as a target/route back to it. Please could you explain? Thank you
