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Sea Limited Correction Max Target

Shares of Sea Limited (SE) have started to correct their massive run to the upside. The bubble looks to be breaking as the stock has fallen from a high yesterday of $116.00, dropping to a low of $100.66 today. This  fall is just the start of a massive unwind in the bubble that is Sea Limited. With a market cap of $50 billion, it is worth more than Electronic Arts (EA) at $37 billion while not even coming close to the profit or revenue numbers. This signals a continued major Sea Limited correction over the coming weeks and months. Based on pure technical chart analysis, Sea Limited will drop to as low as $62 in the coming months. That still means 40% downside.

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