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 2.16 $ (1/19/2012) to 2.03 $ (1/30/2012) a 0.13 $ move 2- The current bullish trend started from 2.03 $ at 1/30/2012 and is currently trading at 2.15 $.
3- SIRI current support level is at 2.11 which is the 61.80 % fibonacci retracement of the last 0.13 $ move.
4- SIRI current resistance level is at 2.16 which is the 100.00 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.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 traded in a bullish stock channel identifed by support at 2.030 and 1.700,resistance between 2.160 and 1.880, the stock channel is currently supported from below by 2.069 and resisted from above by 2.256.
Sirius Satellite Radio Inc. (SIRI) Mid term stock chart patterns for internet stock trading :

None.
Sirius Satellite Radio Inc. (SIRI) Long term stock chart patterns for internet stock trading :

7- The Stock was supported by a support line, identified by two points: 1.700 and 1.640, and is currently supporting at 1.814.

Stock Trading Conclusion:
Sirius Satellite Radio Inc. (SIRI) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 2.16, 2.20, 2.24.
Stock Support levels : 2.12, 2.11, 2.10, 2.10, 2.09, 2.08, 2.08, 2.06, 2.03,.