Sea Ltd (NYSE: SE) A potential bullish reversal to the upside to retest the downtrend line resistance as:   

1. The formation of a bulish hammer candlestick pattern on 5 October at the support level of 57.00 while breaking out of the 20-day Moving Average resistance concurrently points towards a bullish upside.
2. The Moving Average Convergence Divergence (MACD) technical indicator is displaying increasing momentum where the MACD line made a bullish crossover over the Signal line.
3. The price could reach the resistance level at 73.00 which is confluence of the downtrend line resistance and 50% Fibonacci retracement level resistance, with the swing high of 93.70 and swing low of 52.38 as points of reference

*Expected timeline of the trade is 13 weeks from the date of report issuance.

CHART LEGEND

Red box = Resistance zone

Green box = Support zone

Orange line = 20-day Moving Average