SamSuka
The Long Investor
The Long Investor

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$SE - RC -

Disappointing breakdown from the previous low yesterday, I would like to see the low recaptured again very quickly but we need to be open to the fact that it can go lower and I have added the amber support Fib levels below.

This is in a very steep descending wedge now and I am still bullish on $SE in the long term but the trend downward needs to break out before we can confirm a reversal.

So what we are looking for now is support at one of the Fib levels shown at $51, $46 or $40 or a recapture of the previous low.

Like I said before, $SE I am holding regardless and will add again when support is found. 

$SE - RC -

Comments

$56.50 circa

Gareth Neary

Fibs are taken from the high to the first decline and the first bounce.

Gareth Neary

Hii Gar, How are you counting the FIB levels here?

Utsav JAIN

What is your average if I may ask? You are going to hold no matter what?

Thomas


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