SEE to $35Price at bottom channel
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze is on
TTM Squeeze momentum is down
SEE trade ideas
SEALED AIR Stock Chart Fibonacci Analysis 070423 Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 40/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
BUY to SEALED AIR CORP DailyHey guys, SEALED AIR CORP is in an uptrend with a bull shadow and a strong buy volume. On the TIMEFRAME 1 min we can see a buying shadow that still wants to go up. Big potential to reach the next high then three supports to pass thereafter, See TIMEFRAME 4H.
But with the large volumes of purchases executed it can collapse.
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SEE LONG Sealed Air Corp. engages in the provision of food safety and security, facility hygiene and product protection services. It operates through the following segments: Food Care and Product Care. The Food Care segment focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of contamination risk and facility hygiene during the food and beverage production process, extend product shelf life through packaging technologies, and improve merchandising, ease-of-use, and back-of-house preparation processes. The Product Care segment offers costumers a portfolio of Product Care systems designed for use across a range of applications and industries. The company was founded by Alfred W. Fielding and Marc Chavannes in 1960 and is headquartered in Charlotte, NC.
I HAVE HAD BEEN IN A TRADE FOR 2 WEEKS USING THE 6/24 EXPIRATION I AM UP $339.00 56.6% . The Stock is currently trading at 36.84. There were a few days when it went down, however not more than .30 or .35. Remember the market has not been too kind. SEE has Earnings coming out on 8/6/2020.
SEE Forms Short-Term Rounding Top to Sheer CliffSEE has one of the harder tops to identify before the collapse called a Sheer Cliff. The rounding price action occurs because larger lots are carefully selling into rising prices. The Sheer Cliff occurs when buyers disappear. The stock is holding at the gap up support level.
Building long position in SEEThis 120m chart of SEE is showing what appears to be an ongoing impulsive rally off the October 2018 low. Price bounced from the $30 level to $38 in Wave 1 before a sharp retracement in Wave 2. A parallel trend channel formed by connecting the swing points was broken in February on strong momentum, signaling that the stock may be in an extended Wave 3 move higher. Also, price has reached the typical 161.8% Fibonacci extension target for Wave 3 and remains above the base channel.
We're expecting SEE to continue sideways-to-higher from here as Waves 4 and 5 unfold. Initiating a long position at market with the intention of adding to the trade on pullbacks above the Wave 1 high around $38.
Dow drops once again # 51 (SEE)I not a pessimist, I'm realist and opportunistic. And the reality is that the Dow and others indexes are dropping.
Traders make money in bull and bear markets without make predictions. Adaptability for the change is the key.
Technical Concept: Support becomes Resistance (Resistance=Red Arrows) (Support=Blue Arrows)
First look how the price broke the support line around 40.00
Breakout support and pullback is very clear from a weekly point of view
(Weekly candles closes are very relevant in traditional Technical Analysis)
But now the price is between 40.00 and 30.00
Based on this a swing trader can do a short swing based in price action Sell now the actual price and buy to cover if the price drops to 30.00
Or a Swing Core Trade: Sell short some shares at the actual price and if the price drops and broke the next support level at 30.00
ad more to the position and the trade can go from weeks to months.
I do not give Price targets for a Swing Core Trade
The trader who like the idea handle this based in your risk profile and your money management rules.
This need patience and cold blood.
Sealed Air Corp - ShortMomentum was weak since mid 2016. Recent strong sell-out after rising to the previous support line at 42.00.
Even though there is a strong resistence line at about 39.20, a break would provide hugh space for a drop.
The entry is relatively aggressive, but a targetable chance-risk-ratio of about 2 is for the first target is quite good and will likely be hit even if the suppport line will hold. If so, the overall trade (if 50:50 in size) will pay off a little profit.
Second target provides a CRR of over 8.
*** As always, if you trade with real money make your own analysis, as the provided analysis is no trade recommendation and for theroetical learning only. So do not trade any of my trade-analysis with real money. ***
Sealed Air Corp (SEA) showing a bull wedge setupI use my CoCo Volume Indicator here to show independent volume action on this stock. The volume used on the first arrow uptrend was sold off at the second arrow downtrend. Now look at all that volume going into the uptrend at the third arrow... that volume hasn't left the building yet... a good place for a buy at the first sign of breaking up from the wedge!
SEE breaks free of consolidationSEE is a stock which hasn't been on my watchlist before. Earlier this year it broke the 1998 high - having been in a long and deep range since then.
It has only been trading above $35 for a couple of months so it is too early to see what type of trend is developing, but so far it looks to be entering a new phase. It is now trading above $40, so has cleared the 1998 high, and is displaying all the hallmarks of a good linear uptrend.
This is new territory for this stock so I will be watching with interest. I will wait to see if it can break $50, for a longer-term opportunity, by which time we should have a better idea of how this stock behaves. But if a near-term opportunity presents itself before that I may well consider it.
