Looking for a topIt's an awareness. SE has gone absolutely parabolic up over 700% with no monthly consolidation. Technicals are extremely heated with the monthly RSI being over 98 now almost at 100, which RSI cannot reach 100 due to the way it is calculated. Entries bullish here are extremely risky given the volume nodes being thin. The weekly chart is showing an overbought reading, printed a reversal candle today, and has bearish divergence. Fundamentally this company is too richly valued when compared to its peers. It's price to sales ratio is nearing 40, which is more than twice of any of the gaming companies and even more expensive than TSLA by a good amount too. Fair value of this stock is somewhere ~$140. I am looking to short any new high this makes and accumulate.
