$SE is in pain territory and in the bear case now below the blue line after not holding the blue line at $40.61.
Did $SE deserve to lose $9 Billion in market cap yesterday for a decrease in revenue of around $70 million in one quarter?....I don't think so.
YoY revenue was up overall.
The next support level is at $33.38, we can see that the 0.78 Fib was on our blue line as well, so the 0.78 Fib is a realistic target.
What we would like to see is bulls stepping in to recapture this $40.61 level.
Gareth Neary
2023-08-24 15:03:03 +0000 UTCJack Fisk
2023-08-24 15:00:54 +0000 UTCkf86
2023-08-16 14:04:03 +0000 UTCGrace
2023-08-16 13:51:04 +0000 UTC