Ascending Triangle Forming- Bullish關於NYSE:SE由jacobosiason7提供

trendanalysis indicator chartpattern bullish breakout supply_and_demand hidden_divergence inverseheadandshoulders harmonic_pattern buyers swingtrading

Eyeing SE here as it heads into earnings as it's been trading sideways for quite some time now after finding a bottom stemming from a big downtrend. SE has formed an inverse head and shoulders on the 4-Hour and daily timeframes, along with holding a massive bullish shark harmonic pattern on the weekly timeframe with the neckline between 62.45 and 63.95 (See Attached Chart Below). Additionally, SE has some nice bullish hidden divergence on the weekly timeframe along with its Bollinger Bands Squeezing. With buyer volume ramping up relative to seller volume, definitely will be keeping a close eye on this one. Bullish & will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets & Previous Charts Attached Below

PT1- $65.44
PT2- $66.88
PT3- $67.51
PT4- $69.02+

--Weekly Timeframe--