$SE TOP 20
Added 2024-03-04 13:56:57 +0000 UTC$SE reported today and with a revenue beat, the PM is up 12% now and has now closed the gap to $56.
Those who were here since the summer time will remember the awful post earnings gap down, in spite of an earnings beat, the company said they were pivoting their approach to focus on growth and the market did not like this....it also caught us off guard too but the fundamentals remained healthy.
After holding support on the $35 level 6 times, it started its recovery and has jumped from $35 to $58 now in 6 weeks.
Comfortably above the 200 Day MA now, the price has its reversal to the upside, I believe we are still in Wave 1 now and this can go as high as $67 before needing a pull back....but when the pull back comes, we can look to take advantage of Wave 2.
