SE
$SE Potential Routes 12/15-12/18With the Share offering $SE saw a decent pullback, but now is pulling back on low volume, so I am looking for a volume spike tomorrow that could break us out of the descending Wedge. Anytime we fall with low volume I am looking for a bounce. Long options swings out to $200 are on my radar if these conditions match to the upside. Strong Volume $200 EOD / Accumulation of Volume : potential bounce to $195 / Low Volume: 190 bounce. I am bullish on this stock. They release that they did 4x the sales this season compared to last year. So this could look good on the earnings report and with more news we could see that volume pop we need.
$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.
$SE Overextended - Bearish Hanging Man Candle on Daily$SE Overextended - Bearish Hanging Man Candle on Daily
Price currently appears over-extended, 101% above its 200d ema. Previous peaks were 60% and 52% for perspective.
Anticipating a near-term correction. High risk short play. See chart for possible near term targets.
Note: Educational analysis, not investment advice.
SE | Short Opportunity | 84 RSI | Overextended from EMA SE is highly oversold and has gained over 200% the three months.
Looking at RSI in the weekly chart, we see that the RSI has reached 84. This is the highest level it has achieved since its IPO.
Our second confirmation on oversold levels is that it is very far away from our 21 days moving average at $63.44. It has to at least bounce off the 21 EMA to reach new highs.
The fib retracement tells us that it a minimum of 38.2% retracement before it could go higher at $74.50. if the bounce occurs during this retracement, it might be combined with the 21 EMA.
Looking at the chart there is no healthy support level from $52.70 to $97, this means that the trend could be quickly snapped making bull take profit.
A second support level is $46.07, which is a more reliable level than 52.70.
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 - 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.
Gold:XAUUSD Gold/Dollar Play off DXY Clean Chart No BSGold: XAUUSD 1.25% How DXY -0.25% is the gold 1.24% trader's best friend right now
So far gold 1.24% has behaved in the bear-mangling mode expected of it since the dollar broke
down below key support on DXY -0.25% at 94.26 (right hand chart) but it wasn't too smart to let
it go again at 1290. That rally on Friday was vicious for bears - the shape of price action
as gold 1.24% turned resistance at 1281 into support shows the market adjusting before gold 1.24%
powers 16 points north, a volte-face - which you would have been expecting if you've
been experienced enough, wise enough to run the two charts in tandem.
If you don't you're dealing with a blindfold over one eye...
The pin bars on the one hour chart here show strong rejection
at 1296.78 down to current levels at 1293 and a streak of
uncontested green...very rare for a space like that to remain
uncontested and it should flip back to 1288, and potentially to
1284 before it rallies again. On the other side of the street,
we can see that DXY -0.25% is flipping in a range beween 93.99 (the
high for the week was exactly 93.99 as forecast, giving a
precise point at which to sell gold 1.24% - with stops only triggered
in event that DXY -0.25% breaks above 94 and holds, in which case
DXY -0.25% is going up and Gold 1.24% is going back down. Just the best
duo/tandem trade there is in almost any market anywhere.
Use it or lose it. Probably the best companion
a gold 1.24% trader can ever have.
DXY: Dollar index 0.11%
Through all the noise of currency pairs and most commodity markets there
is a still, small, much neglected voice that can tell usually show you the
bigger picture/helicopter view of all that close combat fighting going
on below. Not always, but usually. DXY -0.25% , so far since the breakdown at
94.26, has been very helpful. It's flipping between 94 key resistance and
93.50 key near term support and this is what's causing such grief and
whipsaw in the price of gold 1.24% . Right now it's giving mixed near term signals...
believe it will break lower still eventually, but the chart is not confirming that
here....it's just double bottomed at 93.50...was Ok to bounce here for sure but
that was quite a big bounce - pins at top and botttom of move...just near
term a little confusing, at least to this writer anyway. But gold 1.24% is toppy -0.73% near
term and DXY -0.25% is showing a double bottom near term. If it can rally from here then it should push
back up to the 93.99 where it should meet profit takers. (Do same with gold 1.24% shorts
at that point). And only if DXY -0.25% can then manage to break above 94 and hold is
the tide turning back in favour of Dollar, at which point we look to short gold 1.24% again.
And on the other side, if at any point DXY -0.25% breaks 93.50 it enters a zone of uncertainty/whipsaw
between 93.50 and 93.35 where positions can sudddenly reverse - like quicksand
on a map this zone cannot be trusted - a zone to avoid if possible. However, if
at any point DXY -0.25% is driven below 93.5 for more than 2 hours it will become llikely that
support is eroding and it should start to fall away quite hard to 92.80-92.62 - and
thereby triggering aggressive gold 1.24% longs.
Bitcoin Group SE (Germany) / Psychology of MarketThe idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are experienced in a rare period of manic optimism, and its inevitable aftermath.