PSG2010
2023-12-11

$Sea Ltd(SE)$ You could argue that it is a psycological barrier.

It is human to fixate around numbers like this.

You will often see some resistance up/down when a price is breaking 10's, 100's etc.

You might expect to see some volatility when breaking away from 40 again, either upwards or downwards.

Eventhough the exact number doesnt really indicated anything. It is like turning up the volume on the TV, often people always go to nearest 5 or 10.

I guess it shows that it isnt only algorithms trading in the market, yet πŸ˜…

Edit.

Try look at the graph last 3 month by these dates (all dates where the price shows resistance at 40$) :

September 14th, 25th.

October 27th.

November 1st, (15th), 28th.

Target price for SE after TikTok returns to Indonesia?
TikTok has pledged to invest $1.5 billion in a subsidiary under Indonesia's GoTo Group to revive shopping app services in Indonesia. SE dropped 12% during trading hours. ------------------- What's your target price for SE? Is it worth investing or not?
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