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 ! :)
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