$SIRI behaved as expected this week too and pulled back to its standard 0.618 Fib at $23, held and has now bounced and back out of the descending wedge again.
The length of the blue shaded range goes up to $49, which is where the 200 WMA is at right now.
So as I have said here before, I like the technical set up, I like the trapped value here and the Buffett due diligence done here too, as he has been accumulating heavy.
The 200 Day MA just next to flip to support at $27 and there is potentially a lot of upside here to the 200 WMA at $49.
Lars Henning
2025-03-08 02:16:17 +0000 UTCJCB
2025-03-07 20:19:20 +0000 UTC