3/21/2017 – Sirius XM Holdings (SIRI) Stock Chart Update
This update has been a week in the making. Unfortunately it has been cut a little short for the time being. While short, the update does give a couple bits of information to think about.
Sirius XM Holdings (SIRI) Stock Chart Update
It has been said, it has been written, and so it has begun....
If you've read any of my previous articles for Sirius XM Holdings (SIRI), you are aware that after a long hiatus I finally turned bullish again on its share price. The final convincing was a successful re-test of its $4.20 breakout area. That re-test came after a "rumor" floated out that SIRI may purchase Pandora (P), the music streaming service.
And with those rumors in the rear view mirror, SIRI's share price exploded and has since reached a high of $5.53, which fell right into a price target range I set for SIRI a couple of articles back. Let's check in on the progress of its uptrend/
Sirius XM Holdings (SIRI) - 10 Year Chart
On a previous quick hits update that included Sirius XM Holdings (SIRI), I was asked by a Trendy Stock Charts member how long I thought it was going to take until a certain price target was met for SIRI. I gave a very conservative answer. I always feel its better to under-promise and over-deliver.
On this next 10 year monthly candlestick chart, I placed 2 different Fibonacci Extension Tools. Let's focus on the black one at first. The black Fibonacci Extension Tool allows us to develop at least some general expectations as to when some of the identified price targets may be met.
Analyzing a 10 Year Monthly Candlestick Chart Using Fibonacci Extension Tools
The time between Anchor Point #1 and Anchor Point #2 of the black Fibonacci Extension Tool is approximately 5 years.….
If you want to continue reading this article for Sirius XM Holdings (SIRI), you must first login. I look at some pullback areas to begin building a position in the stock as well as review some of my previous upside price targets for both the shorter and longer-term.
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