SEIC trade ideas
SEIC Going Up or Down? Mixed FeelingSEIC
Core APP:
Investor Confidence Level: 50%
Reason: No Economic Moat
Over-Valued according to 10.41% EPS Growth
Fair Value: $26.65
TA:
Death Cross just appear... expect to go lower and break Support
Looking at $69 at Support, and Resistance at $77
Next Support $64.50
Holding Period: 1 month
Potential Gain: $8
Wait for Golden Cross
RSI: OverSell
Stochastic Full: OverSell
EMA 20,50: short term downtrend
EMA 200: long term uptrend
Volume of trade: Normal
Market Sentimental: Consolidation (Investors are confused)
*Not a recommendation to buy or sell, case study only.*
Options available
DYODD
REi investments compamy Long position, leaving 1% on the tableSEI Investments announced on the 20th of Sepetember to form a Block-chain partnership with a company based in London, this is a clear strategy to boost earnings as block-chains are becoming a popular thing in the investing world,
on the same day of the announcement, the stock broke Resistance at $58, price is currently up 7% from the announcement, Stop at $61 leaving 1% give or take on the table, trigger price is at $63 with a hope of breaching $68-70 as a take