Rectangle
It appears earnings were not received well.
Sea press release (NYSE:SE): Q2 Non-GAAP EPS of -$1.03 beats by $0.03.
Revenue of 2.94B (+28.9% Y/Y) misses by 90M.
Short interest is around 6.65%.
Former Parabolic Arc that has fallen beyond the .786 of the impulse wave up.
ARCs consist of both panic buying on the way up and panic selling on the way down. Prices move up almost vertically until it reverses. The steep, vertical move up is not sustainable long term but can be very profitable on the way up. This pattern is often seen more clearly on the weekly timeframe.
Parabolic Arcs are a pattern of hysteria and on average will pull back between the .618 and the .786 level of the impulse wave up. The 50% level is often the first target to the downside.
No recommendation.
ARCs are a reflection of human psychology to the max degree. Folks are dying to get in. Then they are dying to get out )o:
Sea press release (NYSE:SE): Q2 Non-GAAP EPS of -$1.03 beats by $0.03.
Revenue of 2.94B (+28.9% Y/Y) misses by 90M.
Short interest is around 6.65%.
Former Parabolic Arc that has fallen beyond the .786 of the impulse wave up.
ARCs consist of both panic buying on the way up and panic selling on the way down. Prices move up almost vertically until it reverses. The steep, vertical move up is not sustainable long term but can be very profitable on the way up. This pattern is often seen more clearly on the weekly timeframe.
Parabolic Arcs are a pattern of hysteria and on average will pull back between the .618 and the .786 level of the impulse wave up. The 50% level is often the first target to the downside.
No recommendation.
ARCs are a reflection of human psychology to the max degree. Folks are dying to get in. Then they are dying to get out )o:
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