2024-02-12 11:19:17 ET
Summary
- Sea Limited is showing constructive upside trading action and momentum, with a price breakout possibly in progress.
- The company operates in Southeast Asia and Latin America. Its main businesses are focused on e-commerce, mobile gaming, and digital payments.
- Sea Limited is transitioning to a self-funded growth strategy, with a strong balance sheet, improving profit margins, and its most attractive valuation ever.
With the overall U.S. equity market rising +15% to +20% since October, it is getting harder to find an honest bottoming pattern worthy of purchase for my portfolio. I am afraid a number of stocks that look like they are bottoming, are actually future "underperformers" experiencing some arbitrage buying as the general market zigzags higher (giving us a false impression of 2024's potential for positive returns).
One company that has popped onto my momentum sorts, showing incredibly constructive upside trading pressure, with little price movement as of yet, is Sea Limited ( SE ). This company is based in Singapore, operating an online business model similar to Alibaba ( BABA ) in China or Amazon ( AMZN ) in America....
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For further details see:
Sea Limited: The Most Intriguing Bottom Pattern I Can Find