Breaking out of a 6-month long channel. May go parabolic.SE has traded in a very tight 6-month uptrend channel and it appears breaking out to go up even higher. This may be the beginning of a parabolic run. We are long.
SE/N trade ideas
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.
Short it SEStock rallied when Ark bought in a few weeks back. Ever since Ark announced they sold their share of this company recently weakness has appeared. Fell back in channel on high selling volume and is now propped up by 50ma. With market overall weakness I think this is a good short.
White lines- Channel
Yellow line - Channel split
Redlines are fibonacci targets
beautiful trend channel for calls ! broke its own bullish uptrend! beautiful chart, great longterm investment and also good for short term swings on calls! should run to 285-290 before pulling back to the top trendline in my opinion, goodluck to longs :)
Long SENYSE:SE
Higher highs and higher lows. Macd indicates uptrend. RSI indicates room to trend up. Fibonacci levels.
SE - On watchMy setup for SE. Will be waiting for a pullback. Missed the setup I made before. Good luck!
This new indicator work well with 1 hr timeframes.
SE on a pullback in impulse waveSE seems to be on a pullback in impulse wave. We should see it correcting and then continue for the next leg in the wave.
SE:NYSE - SEA LIMITED - 350% run since March lowsSea Ltd. (Singapore) is an internet and mobile platform company which has had a great run this year off the back of Covid. Its bounced off its new support area a couple of times, but holding above its trail quite nicely. Worth a watch.
High Growth Stocks that are under hyped? Strong Momentum StocksIn the mid of Dec 2020, I subscribed a newsletter that sends me one stock per week to provide a briefing in the fundamental of the company such as how the company works, how it solves the problem, product, strength, weakness, growth prospects, financial numbers, etc…In terms of the information provided, it is more than enough for me as a trader, who only look at the price action and the volume.
What I find interesting for these stocks is they generally has something in common, which is strong momentum. This is certainly an attractive point for swing trading. Let's take a look this stock watchlist including OMXSTO:EVO (Evolution Gaming Group AB), OMXSTO:EMBRAC_B (Embracer Group AB SER. B), NYSE:FTCH (Farfetch Ltd), NASDAQ:MWK (Mohawk Group Holdings INC), NASDAQ:OPEN (OpenDoor Technologies INC), NYSE:SKLZ (Skillz INC), NASDAQ:UPST (Upstart HLDGS INC), and analyze from the price action trading and Wyckoff analysis aspects.
$SE looks ripe for a pullbackAfter 6 days of continuous rally, the tape finally showed exhaustion. Should test $212-$215 area on the downside. Break below that with volume can take it to $200
$SE - Bet is in place 203.42 - 204.12 strong resistance area....need to clear and make room for gappers.
SE - Loading up for Wave 3 $189 - $192. This is the loading zone for SE right now to confirm completion of Wave II retracement. With all of the advancements they are currently making to their business model, we should be able to look forward to SE making new highs. A drop below 187 would invalidate this set up. 2/19 calls would provide ample time to allow this ticker to pump.
$SE breakout targeting 208 firstSellers drying up
flag breakout
Nice RSI pattern and consolidation
220 ultrabull target
