$SE TOP 20
Added 2023-11-12 16:04:39 +0000 UTC$SE report their earnings before the US market opens on Tuesday and it goes without saying that this is an important one for them.
They need to show strength, that their pivot is working and there can be no surprises....as we saw what happened after their last 2 earnings reports.....a very aggressive decline, wiping billions from their market cap, even as their last report was a beat too.
Since then their price action has been moving well, from a double bottom low at $35 to $45 now, with a strong bounce on the important blue line to lead into earnings too.
A higher high here next would put this back into the gap fill again and on track to close the gap to $56, getting a lot of our members back to even (those who have not added to their averages since the decline)
There is also a long way to go to the 200 Day MA to $60 so there is potentially a lot of upside, if they can get this earnings right.
A bad earnings and this will be devastating again and I can't see how the $40.60 level will hold.
