SEA limited $SEI am long term bullish SE (SEA LIMITED). seems like sideways action with $10 range in next few days. Sellin $150 $155 naked puts and $185 Calls. these levels can easily be used to make IRON CONDOR.
SE trade ideas
** $SE GOING INTO EARNINGS ** 11/17 PREDICTION Video breakdown of what $SE could look like going into earnings!
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.
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.
Short Term Bear.- Gaming Unicorn Breaking all the IndicatorsReally crazy run up on this. At the top of weekly bollinger, totally oversold on the RSI. Not enough data to make sound decision. I'm going to remain bearish on the short term, but bullish on long term. Waiting for better entry point.
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.
SE - October 21, 2020SE is looking to make the last leg up of the higher time frame wave 3. Good buying opportunity presents itself here.
SE mice setup for longNYSE:SE support was testet successfully, so the pullback maybe over. Momentum is stron (ADX positive, +DI positive) and RSI is neutral - very nice setup
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
$SE Trying to breakoutSea Limited. Nice industry group with E-Sports, nice high volume out of chart base and great sales growth make it a great looking buy. Beware the history of earnings disappointments and less than ideal cash flow. Failure to breakout will be a warning to others in the e-sports group: AMD, ATVI, BILI, EA, NTES, NVDA, TTWO, ZNGA.
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 !
$SE against all oddsThe technological sector has suffered a significant pullback. Nevertheless, $SE, belonging to it, has show nothing but strength. As most of its peers have been in a down-trend all along September, Sea Limited has had just a pullback and then starting a renued up-trend.
Supporting this, its RSI, leading indicator of strength corresponded to the movements made by a stock, has been increasing ever since its pullback at early Sepember, showing its renued up-trend is legit and backed by the buyers.
$SE has formed an interesting triangle pattern, having ascendent low prices while having descendent high prices. Today has just broken the triangle pattern upside, and the techincal target it offers us is for the stock to aim for the 180 dollars.
On top of everything, the MACD has turned green today. Indicating the stock is not only gaining srenght on its uprend, but also momentum since the 12 EMA is now above the 26 EMA, meaning its prices are heading up on the short term.
SE: Buy at 163.24 Profit Taking at $204.05Sea Limited is insane in the best possible sense. They have 3 major brand and it is growing at an insane speed. SE has the following 3 branches of companies
1. Garena, eSports aka Riot or Activision Blizzard
2. Shopee, eCommerce aka Amazon
3. SeaMoney, ePayments aka Square
These are all innovations in the country where you can boost productivity. There is a concern that this is a Singapore company instead of a United States company but when thinking that this is a country that consistently ranks in the top 10 GDP per capita it relieves my fears. Another concern is that there is no earnings but sales are in the triple digits and you have Fidelity Contrafund backing it. Sales and Yearly Earnings are below
Sales:
Sep-19: +198%
Dec-19: +174%
Mar-20: +103%
Jun-20: +102%
Yearly Earnings per share
2017: -1.43
2018: -2.79
2019: -1.99
2020: -2.39
2021: -1.25
This is forming a Rectangle base and if it hits the buy point with at least 50% volume I would have a 25% profit target. Be careful of the current market trend since it is currently down, which can easily change in a few days.
Long term correction incomingSE has run up over 350% in a matter of months without any monthly consolidation. As seen in the main chart above the monthly RSI is now above 95 and currently forming a reversal candle, which is likely to be the case given only 3 trading days remaining in the month.
Zooming into the weekly chart from here, we can notice that we have bearish divergence along with an overbought condition. The volume the past few weeks has been below average showing that the bulls are running out of steam at these levels.
