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 bullish trend was from 2.14 $ (4/23/2012) to 2.26 $ (4/30/2012) a 0.12 $ move 2- The current bearish trend started from 2.26 $ at 4/30/2012 and is currently trading at 2.18 $.
3- SIRI current support level is at 2.14 which is the 100.00 % fibonacci retracement of the last 0.12 $ move.
4- SIRI current resistance level is at 2.19 which is the 61.80 % fibonacci retracement of the last 0.12 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Sirius Satellite Radio Inc. (SIRI) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Top Pattern at 2.260 .
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: 2.030 and 1.700 that was broken down at 2.290 transforming into a resistance line.
Sirius Satellite Radio Inc. (SIRI) Long term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 1.700 and 1.640, and is currently supporting at 2.012.

Stock Trading Conclusion:
Sirius Satellite Radio Inc. (SIRI) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 2.19, 2.20, 2.20, 2.21, 2.21, 2.22, 2.23, 2.23, 2.25, 2.26, 2.71.
Stock Support levels : 2.14, 2.11, 2.07,.