$Sea (SE.US)$ Sea graph is very weak. High selling pressure ...
$Sea (SE.US)$
Sea graph is very weak. High selling pressure from looks of volume. Not much buyers pushing price up. Sitting currently above support of 309.
Sea graph is very weak. High selling pressure from looks of volume. Not much buyers pushing price up. Sitting currently above support of 309.
Critical support 285 which is right below.
First resistance is 328 and 2nd resistance is 339.
If it doesn't break through the 309 support, it may have a chance to retest the resistance. If it breaks 309, prepare for it to test the critical support.
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sloky : You’re finally on this stock too!
sloky : But by right, with the positive earnings and boom of e-commerce, shouldn’t this stock be soaring
Investing 101 OP : Haha my friend asked me to do a TA on this. So thought why not just post here for the guys to know also
Investing 101 OP sloky : it is still not making positive revenue. burning lots of cash. generally value investors dont look at this kind of stocks. growth investors will like it tho, for the growth potential it might have.
sloky Investing 101 OP : It was growing quite well previously, until like recent weeks?? But with festive seasons and all those sales, shouldn’t these be the booming season for e-commerce like this
Investing 101 OP sloky : i didnt really read their earnings report. but scaling is important, but some companies try to scale too fast, neglecting positive cashflow and profits, end up going bankrupt.
wittleMoo : Will be quite a wait I think, I only got in at low price book a slot and forget kind haha
Investing 101 OP wittleMoo : Yes I think this stock is a good long term hold. But still have to monitor their operating income etc. See if profitable.