SE has been on an absolute tear over the past year or so, trading in quite a tight uptrend channel as shown in the chart.
I would be inclined to add whenever it trades in the bottom on the channel, as it has always found good support and bounced off the channel lows.
Not much to say on the company, Sea has really been killing it in the South East Asian market and has recently been pushing for growth in South America.
Both regions showing strong population and Purchasing Power growth.
I am in this name for the long term. If you aren't yet and are looking for entry, wait for a pullback hopefully to the mid-channel / lower half, where I will be adding to my position with you ;)
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
I would be inclined to add whenever it trades in the bottom on the channel, as it has always found good support and bounced off the channel lows.
Not much to say on the company, Sea has really been killing it in the South East Asian market and has recently been pushing for growth in South America.
Both regions showing strong population and Purchasing Power growth.
I am in this name for the long term. If you aren't yet and are looking for entry, wait for a pullback hopefully to the mid-channel / lower half, where I will be adding to my position with you ;)
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Comment:
SE has quite aggressively reclaimed the channel, will be interesting to see if this continues