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
AnandnChandu
2024-10-18 18:36:12 +0000 UTCUsman Sheikh
2024-10-12 12:22:46 +0000 UTCGareth Neary
2024-08-22 18:15:33 +0000 UTCKevin
2024-08-22 18:05:24 +0000 UTC