SE Aroon Indicator entered an Uptrend on June 22, 2020Over the last three days, I detected that SE's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 126 similar cases, 121 of which were successful. Based on this data, the odds of success are 90%.
SE trade ideas
SE topping out???After a crazy run I think SE is topping out.On the weekly chart the RSI is way over bought and ready to come down. The price is so far from the 20 MA and we are starting to see price rejection wicks. Could be the top or could keep going we will see, but at some point soon I think it breaks down. NYSE:SE
SE Analysis (15Min Chart)Weekly
-Three White Soldiers w/ Bullish Momentum on the Third Candle
Daily
- Strong Bullish Channel
- 8 New Price Lines (Repeating)
- Steady Increase in Volume
- Extremely Overbought RSI
15Min
- Ascending Triangle
- Horizontal Channel Between 106.85-110.13
- Bearish MACD Cross
Overall
- Stock Seems to Have a Tendency to Climb at the Beginning of Each Trading Week and then Sell Off Every Thursday
Prediction
- A Break Out of the Ascending Triangle to the Upside and Continuation of the Bullish Channel
- 1st Price Target: 114.80
- 2nd Price Target: 122.37
Thanks to EternalKing, Brycat23, and CBlast1 for their Inputs on such a Parabolic Chart :)
$SE Overextended - Bearish Hanging Man Candle on Daily$SE Overextended - Bearish Hanging Man Candle on Daily
Price currently appears over-extended, 101% above its 200d ema. Previous peaks were 60% and 52% for perspective.
Anticipating a near-term correction. High risk short play. See chart for possible near term targets.
Note: Educational analysis, not investment advice.
SE | Short Opportunity | 84 RSI | Overextended from EMA SE is highly oversold and has gained over 200% the three months.
Looking at RSI in the weekly chart, we see that the RSI has reached 84. This is the highest level it has achieved since its IPO.
Our second confirmation on oversold levels is that it is very far away from our 21 days moving average at $63.44. It has to at least bounce off the 21 EMA to reach new highs.
The fib retracement tells us that it a minimum of 38.2% retracement before it could go higher at $74.50. if the bounce occurs during this retracement, it might be combined with the 21 EMA.
Looking at the chart there is no healthy support level from $52.70 to $97, this means that the trend could be quickly snapped making bull take profit.
A second support level is $46.07, which is a more reliable level than 52.70.
SEA LIMITED ADSNYSE:SE
Here's another good candidate to buy.
08.06.2020 faced the limit level of 93.18.
We rolled back and went to test the level again.
We could not take it.
On the general market fall we also fell, however, yesterday we went against the market and bought back the whole fall.
We made a false breakout, rolled back, but the H1 bars and the M5 bars went back to the level again. Shut down close to it.
I'm gonna look for the entry point in breakout.
Here's an ATR: 3.86 for your convenience.
I'll hide the stop behind the level.
According to my strategy I will need to take only 1.33 (34%) to increase my deposit by 1.04% from this trade.
The potential of the move is good. I think it will be a good trade, but I will look at market behavior at the moment of trading.
I'll put other tools on my telegram channel.
Trade wisely.
Trade Journal: Long $SE - First Flag - 4/27/2020Due to the current crisis, I have been focusing on relative strength names to take long positions. The choice of choosing relative strength names to buy is imperative in the current market conditions; while there are a lot of companies suffering from the current crisis, there are also companies flourishing. My current holdings, DOCU and KR, are both strong relative strength names and I am continuing this trend with SE.
SE ran past all time highs last week and in currently consolidating in a flag pattern. This pattern is called the First Flag as a stock that recently broke out creates a flag pattern right above ATH. SE broke out today and I bought SE into the pullback at around 12:00.
Entry - 55.16
Stop loss - 53.45
Target - 61
SE Keep Going or Stop here?I expect there will have a correction in the next week. if so, this might be good timing to raise the long position on SE.
Reason:
1. PDD, JD, BABA are starting their correction recently.
2. Positive Bias Ratio is too high.
3. The coronavirus impact on markets that many had expected.
Resistance & Support Line:
S4: 90
S3: 65.28(2)
S2: 54.73(1.618)
S1: 37.76(1)
R1: 27.22(0.618)
Pass Analysis
SE Limited (SE) is one I already own from near $26.Sea Limited (SE) is one I already own from near $26.
SE is a very good subject matter of investment.
While I already own this one, it is expected to see it pop up to 90 USD at the end of the year(2020).
It has a great performing on its revenue and great ambitions between their high table.
In the TA, we can see that the SE got strong support on the resistance line 27.22(0.618), and we can expect to keep our long position to 54 USD (1.618).
Besides, it is a good choice to take profit gradually between 48 and 54 USD to avoid the correction risk from S2 and EMA gap.
Resistance & Support Line:
S4: 90
S3: 65.28(2)
S2: 54.73(1.618)
S1: 37.76(1)
R1: 27.22(0.618)