SamSuka
The Long Investor
The Long Investor

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$SIRI - WATCHLIST -

I am very intrigued by $SIRI, mainly because of Buffetts aggressive buying here and their positioning lately, spending $100 million to acquire the leading female podcast this week.

Price is holding at the 0.618 Fib at $3.12, this is a good sign

Price action has also formed a very abrupt descending wedge, which leads me to leave that a bounce will come once there is a break out

They also have a 3.5% dividend

And understanding how Buffett thinks, I believe management will continue to either grow or buy back shares, I can't see a need to increase the dividend

In the short term, I see a route back to the middle blue line at $4.08, at the 0.5 Fib

Holding above this level and we have a reversal back to $8.16

$SIRI - WATCHLIST -

Comments

Can we please get a chart on this as of now ?

AnandnChandu

Could we get a rechart of this?

Usman Sheikh

Ha it’s incredible how often the 0.618 Fib delivers

Gareth Neary

Todays low was $ 3.12, you must be joking haha.

Kevin


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