Technical Pulse: Sea Ltd October 28, 2020 601

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:

  1. 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.
  2. 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.
  3. Chikou-span strong impulse with the far distance away from the current price level indicate a strong bullish impulse to come
  4. 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

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