Last one standing
2022-08-21

I‌s it time to buy $Sea Ltd(SE)$‌?


I am not a fundamental analyst, I don't even know if $SE is making money or not. But from a very simple technical analysis, it is not time to buy $SE yet. Simply because 50/100 days EMA has not crossed over & it is technically in a bear trend since Dec 2021. 


$SE looks like it has "bottomed" at $54, but after failing to break thru 100 days EMA, there is a good possibility that price will come down to challenge $54 and once broken, have a chance of going lower than that. 


RSI is also pretty weak. It is best to wait till at least 50/100 EMA crossover to buy. Even though you will not catch the lowest point, but at least you won't be catching a falling knife too.


Macro environment is not looking good either, not much good reasons to get too optimistic yet. Protecting your capital is more important than FOMO now.
 

Good luck traders! 







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

Leave a comment