$SE TOP 20
Added 2023-10-01 21:47:32 +0000 UTCVery strong week for $SE and this chart was uploaded a number of times so we were ready for its movements and what to look for incase it pulled back and did not hold support above that important $40.60 line.
I think the ideal situation here is to see a pull back to show where support is, anywhere above the blue line and this is great news, if this enters the Gap zone without any pull back then I am slightly concerned that this is only a pump and not the start of an impulse wave....so this is what I will be watching for closely.
What happened after the earnings report was a shock to many and it was out of step with $SE's fundamentals, so the market took its time and evaluated that this reaction was irrational and now buyers have been stepping in.....this is the market hunting for value and finding it.
This is also why we were incredibly patient here and gave this every chance to recover. It would have been easy to sell and get out and take the loss but that is what the average retail investor would have done.....but we know better than that. This has been an important lesson for many and myself and it is a stock i'll continue to monitor closely.
