SE trade ideas
SE trimming its losses
Sea Limited stock SE dipped after first quarter revenue topped estimates with 147% year-over-year growth to $1.8B but fell short on adjusted EBITDA.
The stock fell on the news to test the major support around $202.40.
SE showed a significant retreat from the mentioned support.
Prices could target $253 and $270 respectively within the sideways range.
$SE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SE after a Negative over reaction following its earnings release placing the stock in drift C
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This Is The Bottom On $SE
Spotted a hidden bullish divergence on SE, marked by the purple arrows and H Bull label. On the higher weekly timeframe, price is above the Ichimoku Cloud telling us that it is still on a long term uptrend. On the daily timeframe, price is currently below the cloud, showing temporary downtrend. Looking at the recent 3 Heikin Ashi candlesticks, we can see a reduction in bearish momentum, with looming indecision. In my opinion, this could be the pivot low and price would move higher in the next few days. I'd go long here.
Former ArcSE has had a great rund. Parabolic arc patterns can be volatile when they hit the landing pad. Most of the time they do not shoot back up like a rocket as they did on the first go around. ROKU is giving it shot though. Any pattern can fail.
Parabolic arcs usually fall between 50 to 62% in a bull market. The fall to the bottom is not usually as hasty as the rise to the top. Volatility is often extreme. Parabolic arcs are long term patterns and I find them difficult to trade.
No recommendation
I think i see a head and shoulders pattern or an ugly top as well with neckline at 204ish, tall structure. Long way to go to even get near the neckline. I suppose a lot depends on Mr Market. This is a bull market so far, so ugly tops often form pretty bottoms and go back up. SE has broken the neckline once, but not for long.
SE | Uptrend channelSE has been on an absolute tear over the past year or so, trading in quite a tight uptrend channel as shown in the chart.
I would be inclined to add whenever it trades in the bottom on the channel, as it has always found good support and bounced off the channel lows.
Not much to say on the company, Sea has really been killing it in the South East Asian market and has recently been pushing for growth in South America.
Both regions showing strong population and Purchasing Power growth.
I am in this name for the long term. If you aren't yet and are looking for entry, wait for a pullback hopefully to the mid-channel / lower half, where I will be adding to my position with you ;)
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
SE take profit mode off Crab perfectPerfect execution of Bearish CRAB Harmonic Patter.
The 1.618 AXA target hit to penny.. Accumulated position at $204 level.
Expect pull towards T1 level of $220 as we are in take profit mode below recent high.
Good luck to everyone and manage trade with proper stops.