Can Sirius Stock Trade Higher?
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, 04-28-2022 at 06:17 PM (317 Views)
For the full year 2022, Sirius expects self-pay net subscriber additions of approximately 500,000, total revenue of approximately $9 billion, adjusted EBITDA of $2.8 billion, and free cash flow of over $1.6 billion.
Intra-day (H4) price broke 200-SMA to below for the primary bearish reversal: the price is trying to break the bearish triangle pattern with 5.95 support level to below for the bearish trend to be continuing. By the way, the Stochastic indicator is on oversold level for this stock so we can expect the the price may be bounced from support level to above for the secondary bear market rally to be started.
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