SE ~ Lower Lows incoming? Buying Opp incoming?
SE, Sea Limited has been suffering massive losses ever since its peak in the fall of 2021. This massive bull run was led with the Tech & Growth Stock boom that's bubble has recently bursted through out the current Bear Market of 2022!
Sea Limited owns multiple varieties of Business in the South-Eastern Asia Region. Businesses Like :
Shopee - Ecommerce Giant
Garena - Gaming + Esports
& Much more smaller companies
Sea Limited has grown a massive amount of revenue, but has most definitely struggled with its debt and spending to make a profit.
Nonetheless, let's get to Technicals!
SE has suffered such huge losses, many wonder where is the bottom!?
My thesis for this Stock is a short / mid term short position, followed by long term accumilation.
Short : SE has 2 major gaps to still be filled from back before COVID, and the gigantic Rally that took place on SE. I see huge potential for this company's future growth, but I think more downside is to come to give SE fair value.
Along with fair value, and these gaps SE has been unable to reclaim any weekly moving averages, and the TTM_SQUEEZE Momentum Indicator shows more bearish momentum coming.
The monthly chart will get to the point of being oversold, probably near these gap fills. At these gap fill areas, and the way down would be a proper time imo to be covering short positions.
The market also seems to have some more pain ahead, and interest rates will only hurt this company and the markets more, driving the stock down fundamentally.
Long : I do believe in this company's long term outlook and performance. I do think that this will take a while to turn around... But if these gaps get filled, the Risk/Reward on SE will be favorable if the company has only grown. I am going to be extremely patient on SE but will be ready to hunt the discount if these gaps do become filled. I Will also keep my eye on the TTM_Squeeze on the MONTHLY chart, as the Monthly chart has been getting extreme momentum to the bearish side, and will look extremely oversold in the coming months with more downside.
Thesis : Short to Gaps ; Long @ Gap Fills
Sea Limited owns multiple varieties of Business in the South-Eastern Asia Region. Businesses Like :
Shopee - Ecommerce Giant
Garena - Gaming + Esports
& Much more smaller companies
Sea Limited has grown a massive amount of revenue, but has most definitely struggled with its debt and spending to make a profit.
Nonetheless, let's get to Technicals!
SE has suffered such huge losses, many wonder where is the bottom!?
My thesis for this Stock is a short / mid term short position, followed by long term accumilation.
Short : SE has 2 major gaps to still be filled from back before COVID, and the gigantic Rally that took place on SE. I see huge potential for this company's future growth, but I think more downside is to come to give SE fair value.
Along with fair value, and these gaps SE has been unable to reclaim any weekly moving averages, and the TTM_SQUEEZE Momentum Indicator shows more bearish momentum coming.
The monthly chart will get to the point of being oversold, probably near these gap fills. At these gap fill areas, and the way down would be a proper time imo to be covering short positions.
The market also seems to have some more pain ahead, and interest rates will only hurt this company and the markets more, driving the stock down fundamentally.
Long : I do believe in this company's long term outlook and performance. I do think that this will take a while to turn around... But if these gaps get filled, the Risk/Reward on SE will be favorable if the company has only grown. I am going to be extremely patient on SE but will be ready to hunt the discount if these gaps do become filled. I Will also keep my eye on the TTM_Squeeze on the MONTHLY chart, as the Monthly chart has been getting extreme momentum to the bearish side, and will look extremely oversold in the coming months with more downside.
Thesis : Short to Gaps ; Long @ Gap Fills
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