AliaAkram

SE trimming its losses

Long
NYSE:SE   Sea Limited
  • Sea Limited stock SE dipped after first quarter revenue topped estimates with 147% year-over-year growth to $1.8B but fell short on adjusted EBITDA.
  • The stock fell on the news to test the major support around $202. 40 .
  • SE showed a significant retreat from the mentioned support.
  • Prices could target $253 and $270 respectively within the sideways range.
Comment: Prices hit the first target.

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