I expect there will have a correction in the next week. if so, this might be good timing to raise the long position on SE.
1. PDD, JD, BABA are starting their correction recently.
2. Positive Bias Ratio is too high.
3. The coronavirus impact on markets that many had expected.
Resistance & Support Line:
Sea Limited (SE) is one I already own from near $26.
SE is a very good subject matter of investment.
While I already own this one, it is expected to see it pop up to 90 USD at the end of the year(2020).
It has a great performing on its revenue and great ambitions between their high table.
In the TA, we can see that the SE got strong support on the resistance...
Sea Limited (SE) is one I already own from near $38.
While I already own this one, it is nice to see it still pop up on my strong stock scans. It is performing well, and another pop above $47.52 could set up a short opportunity for a run into the $50. It blows through that, I will utilize a trailing stop loss with the next target near $53.
Already long. May add...
Looking at the weekly chart we can see the initial consolidation following their IPO. We finally saw a bullish breakout at the end of February which led to an ascending channel that held until August. The recent pullback could've been interpreted as a bull flag pattern that just had a bullish breakout last week as they were preparing for earnings. After releasing...
SE is a point of reflection in my trading practice. Still I show hesitation and sharing will put it definitely down!! Even if my ideas are great, the hesitation in executing those could ruin it all!
Great lesson here!!
Thanks to everyone for any further comment :)