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Sea Limited LT investment

NYSE:SE   Sea Limited
This is a Singaporean company that operates in 3 segments: Digital Entertainment, E-Commerce, and Digital Financial Services.
Sea ltd offers and develops mobile and PC online games, manages a third-party marketplace through the Shopee platform that connects buyers and sellers and also provides a variety of payment services and loans to individuals and businesses through SeaMoney.

I like it already.
The drop from ATH (372) to relatively recent local low (85) is - 77% which is seen by regular TA as an opportunity. To justify an entry we must look at financials to see what is actually happening.
The Balance sheet looks healthy.

A negative net debt means a company has little debt and more cash.
A negative return on assets implies that the company isn't able to acquire or utilize its assets sufficiently enough to generate a profitable return.
Return on equity (ROE) is measured as net income divided by shareholders' equity. When a company incurs a loss, hence no net income, return on equity is negative. A negative ROE is not necessarily bad, mainly when costs are a result of improving the business, such as through restructuring.

Also worth to note that Total Assets = 18.756B with Total Debt of 4.25B whereas Enterprise Value = 116.422B
Income statement has some negative figures, let's dive deeper.
Earnings per share is negative when a company's income is negative, which means that the company is losing money, or spending more than it is earning. A negative EPS does not necessarily mean that a stock is a sell. Probably going through a trasnformation to be able to adjust to the market and world trends.
A negative net income means a company has a loss, and not a profit, over a given accounting period. Which is not very good! While a company may have positive sales, its expenses and other costs will have exceeded the amount of money taken in as revenue. This probably confirms the assumption that there are some structural changes are actually undergoing to be able to enhance company's overall operating efficiency.
Gross profit is almost 4B in frames of Total revenue of almost 10B.

TA in this case suggests accumulation of the stock for LT investment purposes as well as for trading execution.
Fib Channel is steep in respect to healthy fundamentals. A situation where price drops to dark blue is seen as a chance of buying followed by immediate pullback.
Whereas price engagement with green levels will shake off the last bears out of the market.
High average volumes confirms the momentum, hence the approach.
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