Technical Analysis Day 2 - SETechnical Analysis Day 2 - SE
Entry 260
Stop Loss 250
Profit Target 300
SE trade ideas
Couple intraday setups for SE this stock has been hotThe context behind this trade is simple - it has upward momentum every time it reaches demand zones it shoots up.
I found out SE on an options order flow website and it led me to be super bullish on the stock .
Then I realized it’s similar to apple in a way considering it’s a consumer discretionary and tech bundled into one , also Singapore is supposedly the new Mecca of tech in Asia.
Do your own DD but this is why I am taking this trade.
I always read the tape before taking an entry , I exit when price action tells me to head out or after volatility ceases as I primarily scalp options intraday or on higher time frames if the opportunity presents itself , again this isn’t advice I’m just giving you an idea as to why I’m taking this trade .
There are more than one ways to skin a cat and I hope someone else finds something different in this or it sparks a new idea.
Let’s conquer these markets together.
Cheers.
Watching Closely- Bearish Butterfly SE has been trading in this channel for quite some time now and closed on Friday sitting right on its 50day EMA. Bearish butterfly harmonic pattern formed, however, more often than not harmonic patterns do not play out. That being said, in my opinion, harmonic patterns should only be used as further confirmation of a trend. Will be watching this one closely in the coming weeks
Symmetrical TriangleNeutral until a break of trendline with a trend in the direction. This one appears to want to go to the upside.
Before the break, the top trendline was resistance. Now it is support.
Appears to be a shark pattern inside the triangle.
Watch for overbought scenarios and and a healthy long entry level.
No recommendation
SE breakout to $360?!SE broke out of its pennant a lot faster than I expected when I first called the play a few weeks ago:
Here we had a successful breakout and retest of the triangle and old Supply!
Now as we are approaching ATHs, I updated the chart from a weekly outlook to the daily just so I was able to chart out some daily Fib targets to keep an eye out for, with the first one being the 1.272 fib and psychological ~300 .
With our 280c being now ITM with plenty of time left, I feel like we can sit back and let our runners run!
PT1: 300
PT2: 327
PT3: 365
SE to $360?I will be keeping SE on my watchlist for the upcoming month as it has been consolidating and forming a bullish pennant after a huge run-up it had since March 2020.
After just beating earnings too by 42%, I would not be surprised if SE were to just retest the .618 fib and breakout from there. I would like to see if SE can hold the 235-240 range before hopping into long calls up to 280.
My game plan:
7/16 280c if 235-240 support range holds, needs to close over weekly supply for a run up to ~365
$SE Ready to Break Out of 4 Month Consolidation?$SE BofA upgrades to BUY with $340 price target! This looks actionable now however, I want to wait a bit until it moves up over the $278 area. I'm hopeful that once above that area it will become support vs resistance. All TBD. I have an alert set at $278.10. I have made a number of notations on the chart that are important to my "building a case" for going long. SE reported earnings on May 18 and had an earnings beat. Ideas, not investing / trading advice.
from earningswhispers.com
Sea Ltd ADR (SE) reported a 1st Quarter March 2021 loss of $0.82 per share on revenue of $1.8 billion. The consensus estimate was a loss of $0.56 per share on revenue of $1.8 billion. Revenue grew 146.7% on a year-over-year basis.
Sea Limited is a leading global consumer internet company founded in Singapore in 2009.
Symmetrical TriangleSE appears to be trading in a triangle. This is a neutral pattern until a trendline is broken with a trend in that direction.
It is not a tight triangle, as there is a lot of space that is not filled with price/candles. It has not reached the top trendline as of yet. The top is resistance until broken and the bottom is support unless broken.
No recommendation
