$Se - breakout above $118SE - stock in strong uptrend since reporting earnings. hit 52 week highs today. Looking for calls above $118 for a move towards $125 and higher. Stock is strong on indicator and holding above 9 EMA.
Next report date
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EPS estimate
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Revenue estimate
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0.17 USD
150.92 M USD
13.08 B USD
521.13 M
About Sea Limited
Sector
Industry
CEO
Xiao Dong Li
Website
Headquarters
Singapore
Founded
2007
FIGI
BBG00HTBWMG5
Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games. The E-Commerce segment manages a third-party marketplace through the Shopee mobile app and websites that connect buyers and sellers. The Digital Financial Services segment includes a variety of payment services and loans to individuals and businesses through SeaMoney. Sea was founded by Xiao Dong Li, Gang Ye, and Jing Ye Chen on May 8, 2009 and is headquartered in Singapore.
Trading Journal This one became tricky,
the earnings were good, thought it would gap and go, but post earnings, constantly saw selling pressure ( lower low and lower high on daily candle), ended up selling the other 1/2 position as well.
Should have waited till 50 MA break? ..
FUture will tell
Sea Limited Cedear each 32 REP 1 ADRKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
# Sea Limited Cedear each 32 REP 1 ADR
- Rising Wedge & Falling Wedge
* Retracement
* Angle 1 & 2
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclu
SE clear breakoutSE with a very clean breakout. I'm buying here and adding on any dips. Will reduce position by 1/3rd on rest of upper resistance around $200. This one could have legs!
SEA limited broke trend line and long term resistanceSea limited broke the biggest resistance since the stock's inception, as well as the year long trend line, the stock chart looks incredibly bullish. The stock does not have a strong resistance till $ 200, hence a strong earning would really accelerate the price action like back to the 2021 days.
SE Testing its 10 Week MANYSE:SE gently pulling back to test is 10 week moving average line for the first time since its powerful base breakout in August.
Flip to weekly chart and you will see the similarities to recent weekly post I made about NYSE:SHOP
Earnings 4 days out complicates the setup.
Elliot wave analysisI made elliot wave analysis for this stock. My final profit target is from 180 to 220 USD. To be honest, both levels make sense on a weekly chart. They both acted like a support/resistance in a past. Probably the 220 level looks better.
DYOR.
SE fully valued, and at resistance. Not short, but getting readySea, Inc. ( NYSE:SE ) has been a nice turnaround story so far this year. The company operates in three segments, which I'd summarize as follows:
Shopee (73% or revenue, 25%-30% annual revenue growth) is a fast-growing ecommerce platform in SE Asia. In Q2, its EBITDA margin was just below zero, wh
SE bullishCrossing trendline and VWAP's from ATH. Nice action lately. Bullish above VWAP. This company went years with no earnings and lately they have record revenues and earnings are positive.
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