highhand
10-16

$Sea Ltd(SE)$  


Aiyo not plunge lah... You check weekly 20 moving average. The drop went there and it's still respecting the moving average. Just a pullback for a breather.

If next week, price start dropping down and close below the moving average, then you panic.

If it bounces off the weekly moving averageat 170, it's possible to add. But don't add too mch. Price ran up a while already.

I don't know anything about SEA fundamentals, only looking at technicals.

Sea Sinks on EPS Miss: Uptrend Reverses?
Sea fell more than 4%. Its third-quarter earnings per share came in at $0.59, below analysts’ consensus expectations. Revenue of $5.99 billion, compared with estimates of $5.65 billion, according to data compiled by LSEG. Where is the buy zone for you? If Sea returns to growth mode, will profit decline?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Merle Ted
    10-17
    Merle Ted
    It's a little concerning that it can't seem to hold the rebound, especially after an upgrade and price hike. Hopefully it can make it back and close above 170

  • Reg Ford
    10-16
    Reg Ford
    SE held 20W MA! Bounce from $170? Add small,don’t overdo it!
  • MarsBloom
    10-16
    MarsBloom
    Great insight on the moving averages! Keeping an eye on that level is vital before making any moves.
  • Valerie Archibald
    10-17
    Valerie Archibald
    The only solution to this ridiculous low price is now the earnings.

  • Astrid Stephen
    10-16
    Astrid Stephen
    Phew SE didn’t crash! Wait for next week’s MA test before panicking.
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