The good - SIRI tested the 200DMA (red line) and closed above it.
The bad - SIRI broke the trendline and closed below it.
SIRI is still above the 50% retracement and the stop I outlined in my original post (~$6). To remain bullish, I would have to see a reversal and close back above the trendline tomorrow. If price stays below the trendline and breaks the 200DMA, I will be quick to close the position as it approaches $6, and book my long-term profits.
And, either way I will be listening to Howard's debut in 5 days!!!
Past SIRI posts.
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