Shares of Sea Limited (SE) have started to correct their massive run to the upside. The bubble looks to be breaking as the stock has fallen from a high yesterday of $116.00, dropping to a low of $100.66 today. This fall is just the start of a massive unwind in the bubble that is Sea Limited. With a market cap of $50 billion, it is worth more than Electronic Arts (EA) at $37 billion while not even coming close to the profit or revenue numbers. This signals a continued major Sea Limited correction over the coming weeks and months. Based on pure technical chart analysis, Sea Limited will drop to as low as $62 in the coming months. That still means a 40% downside.

(Click on image to enlarge)