$SE the upward movement continues and right now the price is above the 200 Day MA and coming close to our blue line at $48.40, which was the previous high from October, it is critical that the Bulls get above this blue line and convert this level to support.
Earnings are due on the 4th of March, so it has been a strong run leading up to earnings now, so I have added in the white Fib levels, if it needs to pull back, just before the earnings release.
But the important level to get above is $48.40 and turn this into a strong support level, successfully doing this and the gap can fill to $56.....finally.
Gareth Neary
2024-02-27 16:58:24 +0000 UTCReuben Garrison
2024-02-27 16:56:31 +0000 UTC