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[bratby]

LONG Stocks Trading Idea of week is $SIRI

This can be setting up for a go-pause-go pattern, and a breach of the 2-day high could cause the roughly 18% of the shares in the float who are short, to rush to cover. There is now a very strong support level at $5.50, but giving some wiggle-room, we will use a break of $5.45 as the stop. We always say targets are subjective, so we are calling for a 3 to 1 reward/risk ratio. With that ratio, our target will be set at $6.92

Get the Charts and Full Setup including Stop Loss HERE >>>