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SEA LIMITED CEDEAR EACH 32 REP 1 ADRSEA LIMITED CEDEAR EACH 32 REP 1 ADRSEA LIMITED CEDEAR EACH 32 REP 1 ADR

SEA LIMITED CEDEAR EACH 32 REP 1 ADR

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SED trade ideas

SE Breaking down on big volume: Update on long term correctionThe past few days we have quickly slid off the highs printed on Friday on some pretty large bear volume. The bears have broken any trend line that the bulls may have had and broke it with the conviction that the bears want to see closing at the low of the day. We have had bearish divergence on both the daily and weekly charts building for months at this point so this correction is just getting started here. The weekly chart has also broken its trend lines. Monthly chart is currently forming a reversal candle with a large upper wick. RSI is still in the mid 94's even with today's pullback. Targets remain $129.63 for first target, then $103.44 as the next target.
NYSE:SEShort
by Natestradamus
The writing is on the wall - Big correction is under wayThe monthly chart closed the month with a reversal candle at the top of the uptrend with an RSI just a hair under 96 (extremely overbought). When zooming into the weekly chart, the chart is showing bearish divergence that has been building for months. The longer these divergences are built up, the larger the correction will be. This coincides with how overbought the monthly chart is and the fact that it needs to be brought back to reality. Then zooming into the daily chart, we had a rising wedge break bearish. Or it could also be observed as a head and shoulders break as well. We also had decreasing bull volume and decreasing daily RSI while price was struggling to make new highs. This is more divergence. Note the volume nodes as we slowly grinded sideways to slightly upwards. This looks like distribution to me and adding into all the other time frame charts it seems more likely than not that is the case. Running fib extensions on our monthly chart, I am looking for a bare minimum retracement to ~$123.00 for the correction. Given the bearish divergence on the weekly that has me looking for even further downside around the support of ~$103. This also is very close to the .5 fib of $106.23. That is the target where I would then revert to going long. As of now, there is nothing bullish about this chart...the daily has a bearish chart pattern breaking bearish on an uptick of volume and in a daily downtrend. Weekly & monthly showing that major consolidation is very likely to continue for awhile from here.
NYSE:SEShort
by Natestradamus
4
SE Daily Rising Wedge Break - Long Term CorrectionOn the daily chart there has been a rising wedge forming for many weeks now with the lower trend line starting almost 3 months ago. Today we broke below it and are now looking for the follow thru to further validate the move. The monthly chart is printing a reversal candle with not many trading days left in the month sitting up at ~96 RSI being massively overbought. Zooming in to the weekly chart we can see that we have built up weekly bearish divergence now on the chart the past few months with decreasing bull volume as price climbs (also confirms the rising wedge on the daily). The longer that divergences are built up, the bigger the correction.
NYSE:SEShort
by Natestradamus
1
Long term reversal on top watchThe daily chart has been printing a lot of bearish reversal candles lately and today was yet another one. The monthly chart has risen to over 96 on the RSI. Last month it printed a reversal candle and so far this month we have poked slightly higher, but where is the bull volume? It is nowhere. It appears as if we are just drifting higher. Are/were institutions holding it up just enough to unload their shares and acquire their short positions? Likely imo considering that they missed earnings last time and this chart is still extremely extended. If we zoom out to the weekly chart, we see that we have weekly bearish divergence and are looking for our next higher high on the weekly. So far it is shaping up a reversal candle for the week. We also have had very little volume as we rise, which does not bode well for the bulls. If we then zoom into today price action on the hourly, we can see that we had pretty good sell volume from the all time highs and then formed a bear flagish pattern into the end of the day, which could lead to the begin of the end of this monster bull run. Breaking the support line of $166.42 should give way for the bears to gain traction
NYSE:SE
by Natestradamus
2
Strangles Options $SE 160/150 with targets at 180/135 for 2 wkPossible break out 160 and jump to 180 but as much as this company have very bad earnings for the last 4 quarters, if break down 150 will lead to 135 then 115 so strangle between 160-150 with targets at 180 or 135 within 2/3 weeks period!! . RSI still showing negative divergence and if RSI break out these divergence then SE will jump strongly to 180 or higher but if its keep rejected then 135 is more likely !
NYSE:SE
by WinnerTrader99
4