Sea Ltd (US: SE) Strong upside is set to continue once despite the current condition is in a 5th wave of the primary phase with the 5th and last impulse wave forming a possible ending diagonal, nonetheless all technical indication are pointing to another set of one final upside push:
- All 5 components of the Ichimoku lines are pointing towards a strong uptrend, especially the bullish marobozu has broken above the Tenkan-Sen, signalling a renewed upside.
- Looking at the Kihon-Suchi numbers, the next upside of sub wave ((iii)) will be plotted 26-preiod later potentially and the whole wave ((iii))-((v)) of the leading diagonal still has 52-period to fulfil.
- Chikou-span strong impulse with the far distance away from the current price level indicate a strong bullish impulse to come
- Looking at the price action, prices has broken out of the bullish continuation flag and as such, we believe that the stock will be heading into another round of upside.
*Timeline of the trade is 3 weeks from the date issued.
CHART LEGENDS
Ichimoku Kinko Hyo
Red dotted line = 9 Periods Tenkan-Sen
Blue dotted line = 26 periods Kijun-Sen
Purple Line A= 26 periods Senkou Span A
Purple Line B = 52 periods Senkou Span B
plotted 26 periods ahead
Green line = 26 periods Chikou Span. Lagging line