One more, its research night tonight.
My price target on SIRI is $3.39. Head and shoulders on the chart now complete. Expansion of positive volume and two large white candlesticks telling. RSI trending up.
Long it now and dump it at 3.39.
The formula for the head and shoulders is
4.17-3.45= .72
3.45-.72= =$2.78
Actual= $2.72
$4.06-2.72= $1.34
1.34/2= $0.67
$0.67+2.72= $3.39 target price
This should be a retracement rally off of the former pattern. After it hits target, then we might see another pattern that will direct us next as to what to do.
estimated 5-10 days until price target
My price target on SIRI is $3.39. Head and shoulders on the chart now complete. Expansion of positive volume and two large white candlesticks telling. RSI trending up.
Long it now and dump it at 3.39.
The formula for the head and shoulders is
4.17-3.45= .72
3.45-.72= =$2.78
Actual= $2.72
$4.06-2.72= $1.34
1.34/2= $0.67
$0.67+2.72= $3.39 target price
This should be a retracement rally off of the former pattern. After it hits target, then we might see another pattern that will direct us next as to what to do.
estimated 5-10 days until price target
