jaxdog

$SE Ready to Break Out of 4 Month Consolidation?

Long
jaxdog Updated   
NYSE:SE   Sea Limited
$SE BofA upgrades to BUY with $340 price target! This looks actionable now however, I want to wait a bit until it moves up over the $278 area. I'm hopeful that once above that area it will become support vs resistance. All TBD. I have an alert set at $278.10. I have made a number of notations on the chart that are important to my "building a case" for going long. SE reported earnings on May 18 and had an earnings beat. Ideas, not investing / trading advice.

from earningswhispers.com

Sea Ltd ADR (SE) reported a 1st Quarter March 2021 loss of $0.82 per share on revenue of $1.8 billion. The consensus estimate was a loss of $0.56 per share on revenue of $1.8 billion. Revenue grew 146.7% on a year-over-year basis.

Sea Limited is a leading global consumer internet company founded in Singapore in 2009.
Comment:
6/10 CORRECTION: $SE Did Not Beat, they missed on earnings.

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