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
SE trade ideas
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 - 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.
Strong wedge breakout for SE?After consolidating for a little under a month, SE is a prime candidate to see a breakout very soon. If we are able to break the upper trendline with volume, 201 is a very viable target for this stock. Watch for this in the coming days. Stop is below the lower blue trendline.