Sirius Satellite Radio Inc. (SIRI)

Today we'll analyze the Stock SIRI for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 2.88$ (03/12/08) to 2.69$ (03/17/08) a 0.19$ move
2- The current bullish trend started from 2.69$ at 03/17/08 and is currently trading at 3.15$.

3- According to ADX, the trend is currently bullish, which is getting stronger.furthermore, the ADX location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
4- Bearish Divergance in MACD.
Short term chart patterns :
5- The Stock formed a 0.39$ height triangle which was broken up at 2.9 in higher than usual volume, target of the pattern is 3.29.
Mid term chart patterns :
6- The Stock formed a 0.65$ height triangle which was broken up at 2.9 in higher than usual volume, target of the pattern is 3.55.
Long term chart patterns :
7- The Stock formed Double Bottom Pattern at 2.66.
8- The Stock formed a 1.18$ height triangle which was broken up at 3.15 in higher than usual volume, target of the pattern is 4.33.

Conclusion:
SIRI was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles.
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Resistance Levels: 3.29, 3.55, 4.33.
Support Levels: 3.04, 2.97, 2.92, 2.89, 2.87, 2.77, 2.77, 2.69,.

Sirius Satellite Radio Inc. (SIRI) Technical Analysis

Today we'll analyze the Stock SIRI for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 3.31$ (02/01/08) to 2.73$ (03/14/08) a 0.58$ move
2- The current bullish trend started from 2.73$ at 03/14/08 and is currently trading at 2.90$.

3- The stock current support level is at 2.87 which is the 23.60% fibonacci retracement of the last 0.58$ move.
4- The stock current resistance level is at 2.95 which is the 38.20% fibonacci retracement of the last 0.58$ move.
5- According to ADX, the trend is currently bearish, which is getting stronger.
Short term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 3.31 and 3.83, and is currently resisting at 2.90556.
Mid term chart patterns :
7- The Stock was resisted by a resistance line, identified by two points: 3.31 and 3.83, and is currently resisting at 2.90556.
Long term chart patterns :
8- The Stock formed a 1.03$ height triangle.

Conclusion:
SIRI was trading in a bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 2.91, 2.95, 3.02, 3.09, 3.31, 3.47, 3.67.
Support Levels: 2.87, 2.86, 2.84, 2.82, 2.79, 2.74, 2.73,.