Sirius XM Holdings Inc (SIRI)

[dmlabuda]

Weekly Chart Confirms SIRI Overbought! I'm not disputing the long term solidity of this stock but for the near term now the WEEKLY, DAILY, and Hourly charts are ALL showing Overbought readings during the same period and when that happens it calls for a significant turn in the market. So, where could the price go? Well, looking at the weekly chart there are support/resistance levels around $1.60, $1.20, and of course $0.80 although, I don't think that $0.80 is very likely. So, perhaps from $1.12 to $1.60 is a good target range but, it's way too early to tell for sure.

SIRI - Weekly Candlesticks