SE trade ideas
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.
SE and the hesitation on May the 22ndSE is a point of reflection in my trading practice. Still I show hesitation and sharing will put it definitely down!! Even if my ideas are great, the hesitation in executing those could ruin it all!
Great lesson here!!
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Thanks to everyone for any further comment :)
Breakout Trade Example: Sea LimitedAvoid thinking too much and simply buy above the Blue Line.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
MasterChartsTrading Price Action Indicators show good price levels to enter or exit at trade.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long (buying).
For commodities and Forex, when your trading instrument closes below the Red line, we think about Shorting (selling).
For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts ).
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Potential for $SE ?$SE is a stock I have been watching very closely. We can see a primary and a possible secondary resistance trend forming. This company has exploded the past few weeks but will the upward trend continue? I want to hear what you guys think down below in the comments. In my opinion I think this company is a great long term buy with huge gain potential, with the average 1yr target from analysts being around $18 which could be modest considering the bull market. The company is still relatively new so don't let the huge amount of costs in their latest earnings reports scare you. The company remains focused on revenue growth and I am excited to see where this company is headed.
