Quite a clear Head & Shoulders towards 193If the pattern fully forms in the next 1 or 2 days, then the price is likely to continue to go down towards the previous support line at about 193.
SE trade ideas
The long was not to be, $SE YOU LATER IN LOW 100sWell what to say about this stock. Caught up in tencent trouble, printing a huge head and shoulders and falling out of a channel that has held it in. This stock personifies the greed of the 2020 tech market. And this stock wiped out many traders who thought more upside was possible earlier this month. Well, this is I guess poetic justice for me as a trader who went long on this in the 200 dollar range expecting a strong bullish bounce but it was not to be.
$SE YOU LATER ALLIGATOR.
SHORT.
SE | Long until a candle tells me otherwiseLots of discussion surrounding SE, especially with regards to the incredible RSI levels it has read over the past 6 months. I for one don't think I have seen many charts with a similar RSI as this.
However, I really love the underlying company and am Long the stock - I will continue Long until a candlestick pops up telling me otherwise.
So far so good, no breach of the uptrend support yet.
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Be SafeParabolic Arcs ore long term patterns. This may not have arced. That can be a subjective call, a matter of judgement.
If it is an arc, they are long term patterns. An arc can be volatile on the way down and even after it reaches it's bottom. Every security is different so you just never know.
When an elevator does a free fall, it can either slam to the bottom, or there may be some controls left in operation mode to break the fall, so it is a slower fall There will be folks who bought close to the top, or at the top so there will be rallies going on here and there, so they can get out with some skin left on their knee.
Thing is, you just do not know what will happen and Mr Market is not going to help you. He got his money back plus more, a long time ago )o:
No recommendation
SE - Time to ride this one all the way up! 1. consolidation at a previously tested support level
2. Bullish candle at 100 MA and close above 100 MA
3. RSI about to trend
4. MACD bullish crossover about to happen
TP1: 240
TP2 : 275
SE - testing supportsSE is now 25% off it's Feb's high of 285. It bounced off a trendline support on 8th March and is today retesting this trendline @ 211.50. Incidentally this is also where the 200 day moving average is.
The aggressive entry is to enter close to the support @ 211 while a more conservative entry is the wait for some confirmation that a bounce is in place (ie above today's high of 219).
I would place an initial stop loss 50 cts below 204.80 (last pivot low)
Trail stops up should the trade work out.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
SE🌦Pattern recognized: Running flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: I didn't identify a fractal/LDC on the lower time frames: however, the tech sectors displayed an LDC so I knew SE was ready.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
Long SE . Target 248, Stop (Close at 205)Long Sea Limited. Targeting gap fill, stop under recent close
trend is your friend baby! beautiful trend channel that didn't break during the tech dump! great sign for the stock. considering some calls with more time here, will let y'all know if i get in like always ;)
SE clear inverse head and shoulders, returning to channelTarget 250+ by 3/19, positioned accordingly
WHY SE SO STRONG?WHY SE SO STRONG? keep supported by MA60 for YEAR
FUNDAMENTAL WISE, SE HAVE 3X FUTURE BUSINESS
1.BIGGEST E-COMMERCE (SHOPEE) IN SOUTHEAST ASIA
TAKE OVER COUNTRY: INDONESIA, TAIWAN, MALAYSIA, VIETNAM PHILIPPINE
BELIEVE TO BE THE NEXT AMAZON IN ASIA REGION
2. GAMING EARA, GARENA HOLDING A BIG MARKET OVER THE GLOBAL, CHECK THEIR GROWTH! DOUBLE EVERY YEAR!
TURNING +VE PROFIT LATE YOY
3. E-WALLET FUTURE, NOW PEOPLE PREFER USE E-WALLET
WITH THE LARGE SCALE OF E-COMMERCE, IT'S VERY EASY TO CONVINCE USER SWITCH TO E-WALLET BECAUSE OF CONVENIENCE AND PROMOTION
1st entry 235
2nd entry 211
Head & shoulders potential & monthly consolidationAnyone that has followed knows how overextended this chart is. The monthly has gone parabolic for over 12 months now with each monthly candles low being higher than the previous one.
Monthly chart
-Up over 700% with no monthly consolidation
-Printed a monthly reversal candle with a very large upper wick.
-RSI indicator is over 98 still (RSI cannot go to 100 the way it is designed)
Compare this stock to monthly charts of arguably two of the most successful companies in their space and even they have never gone this parabolic for this long without monthly consolidation. AMZN during the dot com bubble or SHOP at its most extended. Both had a few months selling (consolidation) to digest the move and neither stayed this hot on the RSI for as long without pulling back.
*Fundamentally no near term upcoming catalysts for SE either.
*Weekly chart still has bearish divergence.
Now the daily chart. Today we saw big selling volume on their poor earnings release. Missing both EPS estimates and Sales estimates. They are also trading at a very high valuation (more than double) when compared to any of their peers. We have a head and shoulders now developed and significant overhead resistance confirmed with todays large selling volume. Looking for the head and shoulders pattern to confirm to allow for the weekly bearish divergence to play out giving this chart the monthly consolidation that is needed to digest this massive move.
First target is ~$190 and second is ~$160 over these next few months.
SE- My international E-Commerce playLast year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia.
In addition, SE was a favorite buy for several top hedge funds in Q4 2020.
It seems like we will see some weak rally tomorrow as the bottom-buying pressure seems to have waned compared to previous occasions in which buyers showed up almost immediately as soon as the price touched the bottom of the long-term trend. Not saying the trend will be broken, but it's likely that we will see a brief consolidation first, then another swing low before the reversal happens. Nonetheless, I will buy the dip tomorrow and aim to fill the remaining of my positional size inside the demand zone.
Not the investment advice. Just my two cents
SE: PredictableSE has done this time and time again and there’s no reason it would not continue in the same trend. It’s consistently supported by the arrows that is the 50 day exponential moving average + 23.6% fibo retracement.
ENTRY: $235-240
TP: $275.6 & $308
SL: $202
Weekly $SE shows sign of buying exhaustion$SE has been a great investment for many wishing to capitalize on the pandemic. I used to own some shares but sold too early. Long term it is still a great investment. I am from Vietnam and their product Garena dominates, Shopee does have competition but is still one of the best options for online commerce.
The weekly chart shows a combo 13 and a confirmation candle. It might be a place to take some profits.
SE: Profit Taking After Earning = Correction CatalystLooking at the weekly it appears that SE is in overbought territory and will likely correct soon. There is clearly bearish divergence on the weekly chart but RSI has not dipped below 70 and closed there yet - this is the point to watch for confirmation of the trend reversal. Also, the weekly candle is sitting above the upper band of the Bollinger bands which is another tell-tale of overextension of the trend. The price will probably retreat till it touches the upper band again but if sell momentum is strong, the uptrend may breakdown. After rallying for almost a year without any pullback, my guess is that profit-taking is around the corner with earnings creeping up and this will be the catalyst for the trend reversal.
Breaking out of a 6-month long channel. May go parabolic.SE has traded in a very tight 6-month uptrend channel and it appears breaking out to go up even higher. This may be the beginning of a parabolic run. We are long.
Looking for a topIt's an awareness. SE has gone absolutely parabolic up over 700% with no monthly consolidation. Technicals are extremely heated with the monthly RSI being over 98 now almost at 100, which RSI cannot reach 100 due to the way it is calculated. Entries bullish here are extremely risky given the volume nodes being thin. The weekly chart is showing an overbought reading, printed a reversal candle today, and has bearish divergence. Fundamentally this company is too richly valued when compared to its peers. It's price to sales ratio is nearing 40, which is more than twice of any of the gaming companies and even more expensive than TSLA by a good amount too. Fair value of this stock is somewhere ~$140. I am looking to short any new high this makes and accumulate.
Short it SEStock rallied when Ark bought in a few weeks back. Ever since Ark announced they sold their share of this company recently weakness has appeared. Fell back in channel on high selling volume and is now propped up by 50ma. With market overall weakness I think this is a good short.
White lines- Channel
Yellow line - Channel split
Redlines are fibonacci targets
