SE trade ideas
SE i have a long position.. will it breakout or down.. ER is tomorrow. if pullsback .. get long at 20ma
short first and then Long on supportive trend line perfect ENTER ON PULLBACK FOR SHORT THEN LONG ON THE SUPPORTIVE TREND LINE
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 Sea limited. RocketGetting close to bull flag target. This group of companies own brands like Shopee, Garena and Sea Money. Garena owns some of the most widely downloaded Google play games like Freefire.
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)
Awaiting Consolidation Breakout in SESea Limited (SE) is one I already own from near $38.
While I already own this one, it is nice to see it still pop up on my strong stock scans. It is performing well, and another pop above $47.52 could set up a short opportunity for a run into the $50. It blows through that, I will utilize a trailing stop loss with the next target near $53.
Already long. May add IF the price breaks above the current consolidation.
SE - Ripping After EarningsLooking at the weekly chart we can see the initial consolidation following their IPO. We finally saw a bullish breakout at the end of February which led to an ascending channel that held until August. The recent pullback could've been interpreted as a bull flag pattern that just had a bullish breakout last week as they were preparing for earnings. After releasing an amazing earnings announcement the stock has gapped up over 18% as I write this.
I have noted my price targets using the 61.8% & 100% Fibonacci Extension levels.
SEA Group reached the buy zone that between MA120 to MA240SEA Group reached the buy zone that between MA120 to MA240
