SIRI – Sirius XM Holdings

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Anyways, this is a 3 year chart for Sirius XM Holdings (SIRI). I’ve illustrated a Bearish Impulse wave pattern on it that terminated at the downtrend’s Golden Ratio (161.8% Target Line). It appears a Wave B rebound is in process and should take SIRI back up to at least the $6.50 price level and possibly even towards the Falling Window candlestick pattern resistance area (the gap down identified with the purple channel).

As long as SIRI doesn’t break back below its $5.48 print during Christmas week during any upcoming market weakness, consider using that weakness to add some shares for the Wave B uptrend.