Tuesday, March 02, 2010 2:54:23 PM
Re: SIRI - WEEKLY Chart - BULLISH
Expecting SIRI to bounce off of the recent bearish fundamentals regarding poor car production levels, FOLLOWED by a bullish note of Ford (F), which has surpassed GM for the first time in more than a decade.
SIRI continues to look bullish considering its bounce near RSI's 50-level (per daily chart not included here), indicative of persistent buying support at such a discount price level, IMHO.
Note that recent LOW was sustained by the narrow UT channel in WEEKLY chart below:
(Source: http://finance.yahoo.com/news/Ford-sales-jump-outsells-GM-apf-4195968314.html?x=0&sec=topStories&pos=main&asset=&ccode= )
SIRI - 36-month, WEEKLY Chart:
- Dalcindo
Expecting SIRI to bounce off of the recent bearish fundamentals regarding poor car production levels, FOLLOWED by a bullish note of Ford (F), which has surpassed GM for the first time in more than a decade.
SIRI continues to look bullish considering its bounce near RSI's 50-level (per daily chart not included here), indicative of persistent buying support at such a discount price level, IMHO.
Note that recent LOW was sustained by the narrow UT channel in WEEKLY chart below:
(Source: http://finance.yahoo.com/news/Ford-sales-jump-outsells-GM-apf-4195968314.html?x=0&sec=topStories&pos=main&asset=&ccode= )
SIRI - 36-month, WEEKLY Chart:
- Dalcindo
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