SIRI : Stiff resistance from 4.82 to 4.90 and on to 5.10
June 13, 2011 Leave a comment
As long as it holds above 4.64, SIRI will have some chance of testing 4.82-4.86, maybe 4.90 or so. It will find very strong resistance here and on to 510, but if a market maker is at play and they have some gun powder in reserve, the chart suggests it could offer some fun. Volume is key. Look for a sudden increase in flows to confirm someone is out to ramp it up a tad.