Sea Ltd: Bearish Technicals Despite Strong Business

BrianTycangco鄭彥渊
08:09

Horrible technicals for $Sea Ltd(SE)$ after November's break below the trendline, a death cross in December, and then rejected at the 147 resistance where the 200d MA can be found.

Only a big move above 155 could start to turn things around. It's a great company but the messaging by its CEO is 💩. Hope they can do better in the next qtr results briefing.

As I said last week：

Almost textbook move in SE. As I mentioned previously, the move to the 147 neckline (resistance) is expected.

And with the stock just below the 200d MA, this could be the end of its spirited rally for now unless something happens that allows it to rally and close above 160 in the coming days.

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