SE is now 25% off it's Feb's high of 285. It bounced off a trendline support on 8th March and is today retesting this trendline @ 211.50. Incidentally this is also where the 200 day moving average is.
The aggressive entry is to enter close to the support @ 211 while a more conservative entry is the wait for some confirmation that a bounce is in place (ie above today's high of 219).
I would place an initial stop loss 50 cts below 204.80 (last pivot low)
Trail stops up should the trade work out.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
The aggressive entry is to enter close to the support @ 211 while a more conservative entry is the wait for some confirmation that a bounce is in place (ie above today's high of 219).
I would place an initial stop loss 50 cts below 204.80 (last pivot low)
Trail stops up should the trade work out.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.