Is Sea Limited (SE) Stock Finally Ready To Break Out After A 2-Year Consolidation?

Image Source: Sea Limited () stock has been stuck in a trading range for more than 2 years, following a steep selloff from its high of $360 down to below $100. Despite this consolidation phase, the stock still hasn’t made any decisive moves, leaving traders to wonder if a breakout is on the horizon.While many bottoming stocks show signs of strength after a year of consolidating, SE remains trapped in its range. The stock continues to exhibit weakness, failing to break through key levels. However, there is a smaller structure forming that traders are watching closely. This technical setup includes a spring or terminal shakeout, followed by a sign of strength rally, a backing-up action, and then a breakout above resistance.

The stock’s immediate target lies around $90, with a stop-loss near $74.9. This creates a quick swing trade opportunity with a favorable reward-to-risk ratio of greater than 2:1. While it may take time to clear the big trading range, traders are eyeing a quick profit by trading the bullish flag setup.For a detailed trading plan for SE’s stock entry setup, watch the video below:Video Length: 00:01:50For those looking for a short-term play, this setup could offer a promising opportunity.More By This Author: