$Sea Ltd(SE)$
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 😅
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.
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