$SE | WEEKLY WATCHLIST 10/17Simple chart here for this one. I wanted to keep this one simple. All eyes on the key $160 level. Please take note of the Weekly MACD bullish bounce as well as an increase in bullish volume to support the bounce. This indicates buyers stepping in. We have the Weekly RSI downtrend resistance approaching and looks to test very soon. There, we will get clear direction if we will full send higher, or find yet another local top rejection.
I will enter a long position on the break of key $160 level this week. Target above is $165, $170.
Sealimited
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.