$SIRI LEAPS and Calendar Spread Trade Idea

My Favorite Options Trade Right Now

I use my custom indicators to find and evaluate signals along with technical and fundamental analysis to maximize opportunities and reduce false signals.

This isn’t financial advice, Please read my disclaimer at the end.

Caution: The stock market is volatile. These signals are best for long-term buy and hold.

SIRI

SIRI 0.00%↑ is showing signs of reversing on the monthly, weekly, and daily charts.

Stop loss: $19

Monthly Chart

A series of long lower wicks and shrinking candles could imply a reversal.

Weekly Chart

SIRI is in a bullish falling wedge and nearing a breakout point. Meanwhile, the RSI is slowly rising.

Daily Chart

SIRI made a higher low on the price and RSI. It’s still close to support, with a decent risk-reward.

1 Hour Chart

SIRI is at the downward trendline resistance, and the candle bodies are shrinking. Will it break out or break down? I’d wait for either a pullback to support or a breakout on strong volume.