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Sea Limited Stock Chart Analysis

Shares of Sea Limited (SE) are soaring again today, up over 5%. The stock has surged 37% in just the last two weeks and is up more than 670% since the 2020 March lows. While the company is growing quickly, investors need to question if this ecommerce and gaming company should be trading at 28x 2020 revenues. Sea Limited is not projected to turn a profit in 2021 or 2022, perhaps not even in 2023. This stock exemplifies the frothy markets and low cost of capital inflows. The Sea Limited stock chart analysis shows a major trend line tagged today at $278/share. A somewhat thin stock, when the pull back comes it could be sharp and nasty. A move to $200/share would only be a drop to the low pivot from just 2 weeks ago.

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Sea Limited stock chart analysis shown below…