Trade ideas
$SE Ready to Break Out of 4 Month Consolidation?$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.
Symmetrical TriangleSE appears to be trading in a triangle. This is a neutral pattern until a trendline is broken with a trend in that direction.
It is not a tight triangle, as there is a lot of space that is not filled with price/candles. It has not reached the top trendline as of yet. The top is resistance until broken and the bottom is support unless broken.
No recommendation
SE trimming its losses
Sea Limited stock SE dipped after first quarter revenue topped estimates with 147% year-over-year growth to $1.8B but fell short on adjusted EBITDA.
The stock fell on the news to test the major support around $202.40.
SE showed a significant retreat from the mentioned support.
Prices could target $253 and $270 respectively within the sideways range.
$SE with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SE after a Negative over reaction following its earnings release placing the stock in drift C
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This Is The Bottom On $SE
Spotted a hidden bullish divergence on SE, marked by the purple arrows and H Bull label. On the higher weekly timeframe, price is above the Ichimoku Cloud telling us that it is still on a long term uptrend. On the daily timeframe, price is currently below the cloud, showing temporary downtrend. Looking at the recent 3 Heikin Ashi candlesticks, we can see a reduction in bearish momentum, with looming indecision. In my opinion, this could be the pivot low and price would move higher in the next few days. I'd go long here.






















