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SEA LIMITED CEDEAR EACH 32 REP 1 ADRSEA LIMITED CEDEAR EACH 32 REP 1 ADRSEA LIMITED CEDEAR EACH 32 REP 1 ADR

SEA LIMITED CEDEAR EACH 32 REP 1 ADR

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SE trade ideas

Sea Has a Bullish TriangleSea Ltd. Is one of the biggest companies people have never heard of – especially after this year’s big run from the $40s to the $180s. The Singapore-based esports giant had a $90 billion market cap last week. That makes it comparable with Target (TGT) and CVS Health (CVS). Trend followers may eye the chart for continuation higher into yearend. The first key feature is an ascending triangle that’s taken shape since early November. Roughly $187 is resistance at the top of the pattern. Second, SE closed at $156.53 on November 10, slightly lower than its October 30 level. However, prices instantly snapped back the next session and have remained above those levels since, resulting in a false breakdown. Third, the bounce occurred at the 50-day simple moving average (SMA), which SE has remained above since. Finally, the stock has fought back above its 21-day exponential moving average (EMA) and stayed there for more than a week. That could be a sign it’s ready for another push higher. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:SELong
by TradeStation
1
SE Breaking down on big volume: Update on long term correctionThe past few days we have quickly slid off the highs printed on Friday on some pretty large bear volume. The bears have broken any trend line that the bulls may have had and broke it with the conviction that the bears want to see closing at the low of the day. We have had bearish divergence on both the daily and weekly charts building for months at this point so this correction is just getting started here. The weekly chart has also broken its trend lines. Monthly chart is currently forming a reversal candle with a large upper wick. RSI is still in the mid 94's even with today's pullback. Targets remain $129.63 for first target, then $103.44 as the next target.
NYSE:SEShort
by Natestradamus
The writing is on the wall - Big correction is under wayThe monthly chart closed the month with a reversal candle at the top of the uptrend with an RSI just a hair under 96 (extremely overbought). When zooming into the weekly chart, the chart is showing bearish divergence that has been building for months. The longer these divergences are built up, the larger the correction will be. This coincides with how overbought the monthly chart is and the fact that it needs to be brought back to reality. Then zooming into the daily chart, we had a rising wedge break bearish. Or it could also be observed as a head and shoulders break as well. We also had decreasing bull volume and decreasing daily RSI while price was struggling to make new highs. This is more divergence. Note the volume nodes as we slowly grinded sideways to slightly upwards. This looks like distribution to me and adding into all the other time frame charts it seems more likely than not that is the case. Running fib extensions on our monthly chart, I am looking for a bare minimum retracement to ~$123.00 for the correction. Given the bearish divergence on the weekly that has me looking for even further downside around the support of ~$103. This also is very close to the .5 fib of $106.23. That is the target where I would then revert to going long. As of now, there is nothing bullish about this chart...the daily has a bearish chart pattern breaking bearish on an uptick of volume and in a daily downtrend. Weekly & monthly showing that major consolidation is very likely to continue for awhile from here.
NYSE:SEShort
by Natestradamus
4
SE Daily Rising Wedge Break - Long Term CorrectionOn the daily chart there has been a rising wedge forming for many weeks now with the lower trend line starting almost 3 months ago. Today we broke below it and are now looking for the follow thru to further validate the move. The monthly chart is printing a reversal candle with not many trading days left in the month sitting up at ~96 RSI being massively overbought. Zooming in to the weekly chart we can see that we have built up weekly bearish divergence now on the chart the past few months with decreasing bull volume as price climbs (also confirms the rising wedge on the daily). The longer that divergences are built up, the bigger the correction.
NYSE:SEShort
by Natestradamus
1