SIR ran from 5.7 cents on 20th. July to a high of $3.28 on 7th. November. At present SIR appears to be in correction mode.
Here are some Fibonnaci retracement prices for that rise from 5.7 cents to $3.28.
23.6% - $2.52
38.2% - $2.05
50% - $1.67
61.8% - $1.29
From the chart below I can also see support at the round prices of $2.00, $1.50 and $1.00.
I also see in the chart below that yesterday's price action decisively broke the blue 50 days moving average. The 100 days moving average is currently at around $1.65.
In the chart below it can be seen that RSI has become weak, dropping below the key 50 level. In addition, MACD has made what many regard as a negative cross over and is trending down.
Make of this chart what you will. Each to their own imo.
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