If investment timeframe is more than 6 months to a year, maybe a good entry point now or for DCA.
But likely bearish for the coming 1 to 2 months after missing earnings and a drop of 22% in a day. 52 week support is near at 34 and psychological resistance around 40.
Do note that SEA past 2 quarters has generated positive earnings and this quarter miss is more of a downside surprise even though growth figures are positive. Market may perceive profitability metrics over growth potential as of now.
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.
