SE trade ideas
$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 - EW analysis - ABC correction time SE - It seems like impulse cycle finished at the last top. The sharp down move is wave A, which is in progress. Wait for bounce of wave B to get in to sell set up for C wave down, which is expected to go down below 160 or even lower.
Give thumbs up if you really like the trade idea.
Get that $245 next earnings: Cycle AnalysisLooking at cycle analysis on the weekly chart. Cash in the bag if you bought the dips! The stock has played beautifully with weekly cycles since July 2020.
YES, it can crash any day. I hear you. But that's why you buy the dip in the cycle with a low-risk stop-loss.
Entry: 183 during Week of December 14
Stop loss: 172.5
Exit: 220 (short-term holding)
Exit medium-term holding: March1 Earnings, Target 245.
Good luck traders!