Friday, December 11, 2020 1:11 PM EDT
Shares of Sea Ltd (SE) are likely putting in a major long-term pivot high, a strong sell signal. This comes from the recognition of the Sea Ltd stock chart-topping tail that has formed on the weekly chart. Daily topping tails are significant but weekly topping tails are far more powerful.
The general concept is, the bigger the time frame, the more important and powerful. Based on the Sea Ltd stock chart-topping tail, expect a pullback over the next 6-12 months to $107.00. This would be an approximately 50% drop from its all-time high hit just a few days ago.
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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