$SE TOP 20
Added 2023-08-24 18:28:32 +0000 UTC$SE has been getting crucified and it is difficult to see the reason for it apart from their pivot to focus on growth and not profit for the next 6 months....the market has not liked this, nevertheless it is the case and if someone can plan for a 30% drop post earnings, while the company is still profitable, I would like to meet that person.
EWT can not catch these sort of events (however rare they are).....EWT catches human behaviour and the market was not expecting that drop either. This is also why the RSI is down at 15 right now and has never been this low in the companies history.
That being said, what is there to do now? 5 waves down is observed and this is a spot where there is ultimate panic and sellers capitulate.....it normally indicates that the bottom is close.
For me, the last support level is $33.32.
If there price goes below this level then something is happening here and we can not explain it because the market does not have that information.
Comments
Hello Gar. I just read that you sold SE before earnings. I didn't see a sale alert anywhere or did I miss it then? Greetings
Kristof Van Nevel
2023-08-27 13:39:52 +0000 UTCSmh
Chris
2023-08-25 03:27:02 +0000 UTCI like to read and hear earnings calls… it’s not about what they did in the last Q it’s about what they did with the money… nothing… and what they promised… last time.
Qubas
2023-08-25 01:01:15 +0000 UTCThanks, Gar. Will do.
Thomas
2023-08-24 19:40:09 +0000 UTCdefinitely interesting to observe. i bought only 100 shares. the big drop happened already. fundamentals are good. so I will hold, watch, learn and wait. thanks for your guidance.
Bjoern Szymkowiak
2023-08-24 19:40:03 +0000 UTCIf it was me and $33.22 is not held, it’s time to cut losses and wait for the recovery
Gareth Neary
2023-08-24 19:35:47 +0000 UTCSo this is what we need to figure out and why did the chart not work out as planned?….what is clear is that we have made a new low now, so it must mean that the previous count was a corrective wave bounce
Gareth Neary
2023-08-24 19:34:45 +0000 UTCwhat I don't really get is, why is this 1-2-3-4-5-impulse wave followed by a 1-2-3-4-5-corrective wave and not an A-B-C corrective wave first? Or are these the 5 subwaves of wave A?
Bjoern Szymkowiak
2023-08-24 19:32:21 +0000 UTCThanks for the transparency. Great decision. What would you do if you were in our shoes? Realize losses if $33.22 does not hold, average down once support is found...?
Thomas
2023-08-24 19:26:55 +0000 UTCYes I got out of $SE before the earnings but it was by pure luck that I sold, i wanted to add to my $BABA position because I wanted to double my position there. Otherwise I’d have been holding $SE now
Gareth Neary
2023-08-24 19:20:35 +0000 UTCProbably this is the way to go. However, I am still waiting for support to do so.
Thomas
2023-08-24 19:18:39 +0000 UTCSame question Cap
makis
2023-08-24 19:17:39 +0000 UTCTime to buy a little more and average down
Thomas Nugent
2023-08-24 19:04:43 +0000 UTCWhat is your strategy, Gar? Have you sold already or are you waiting for its behavior around $33.32?
Thomas
2023-08-24 18:34:00 +0000 UTC
