Previously I called the top of SE and then attacked their lack of financial discipline and heavy cost due to headcount. I was thinking that they only have one model to follow: that of TSLA and that is to cut their headcount. Not long after, Shopee announced headcount reduction in various regions and department. So now, it has a chance. But unlike TSLA, it is facing the odds of higher and higher interest rates. So the same operation might not yield the same result. What we can do, is to continue to observe.
Back to technical analysis, you can see how I have looked at only 1 obvious thing to determine whether SE will turn: the VWAP line. IF it managed to break and close above that, especially on high volume, we can attempt to long this. If not, the best bet is still to short it.
Back to technical analysis, you can see how I have looked at only 1 obvious thing to determine whether SE will turn: the VWAP line. IF it managed to break and close above that, especially on high volume, we can attempt to long this. If not, the best bet is still to short it.
