Monday, March 22, 2021 6:52 PM EDT
Shares of Sea Ltd (SE) have a nasty head and shoulder pattern formation on the daily stock chart. Based on a calculated target of this pattern formation, should a break of the neck-line occur, the downside is to $125.00. That is an epic decline from current levels of 43%. The trigger will be any daily close below $205.00. Once triggered, expect the consistent downside to the target, should the Sea Ltd technical chart pattern play out fully. This head and shoulder pattern is an epic setup.
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 ...
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looks like the stock broke through the neckline on 24th March, but did a reversal and broke above the shoulders on 6th April. Could you update the analysis on where the stock is heading now?