I think $SE is under pressure here to hold the 50 Day MA and the channel trend support line at $123.
We already have this completing Wave 5 so it's not a surprise to see the important support line coming under pressure here
Those who hold a position here and have enjoyed the strong run over the last 18 months, should consider taking some profits at this stage.
A breakdown and this could have no issue dropping below $100 next.
michael
2025-03-22 01:01:18 +0000 UTC