Sirius Satellite Radio Inc. (NASDAQ: SIRI) (NASDAQ:SIRI) Stock Research Trends Targets and Technical Analysis - Nasdaq market [en]

Today we will analyze the stock Sirius Satellite Radio Inc. (SIRI) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Sirius Satellite Radio Inc. (SIRI)
1- Last bearish trend was from 0.95 $ (3/3/2010) to 0.90 $ (3/8/2010) a 0.05 $ move 2- The current bullish trend started from 0.90 $ at 3/8/2010 and is currently trading at 0.91 $. 3- SIRI current support level is at 0.90 which is the 0.00 % fibonacci retracement of the last 0.05 $ move.
4- SIRI current resistance level is at 0.91 which is the 23.60 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Sirius Satellite Radio Inc. (SIRI) Short term stock chart patterns for internet stock trading :

6- The Stock formed a 0.230 $ height triangle which was broken up at 0.930, target of the pattern is 1.160.
Sirius Satellite Radio Inc. (SIRI) Mid term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 0.890 and 0.840 that was broken down at 0.910 transforming into a resistance line.
Sirius Satellite Radio Inc. (SIRI) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Bottom Pattern at 0.570 .

Stock Trading Conclusion:
Sirius Satellite Radio Inc. (SIRI) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 0.912, 0.917, 0.919, 0.925, 0.931, 0.950, 0.964, 0.981, 1.160.
Stock Support levels : 0.908, 0.906, 0.905, 0.904, 0.900, 0.752,.