Sea Shares Fell 5.65% With 14-Session RSI Below 30 Monday
Photo: TokenPost
Sea Limited (SE) shares fell 5.65% Monday, a day before Chairman and CEO Forrest Li raised the possibility of a public listing for Monee, the company’s digital financial services business. The stock closed Oct. 19 at $88.47 at 4 p.m. ET (20:00 UTC), down $5.30 from its Oct. 16 close of $93.77. Shares opened at $93, reached $93.09 and traded as low as $87.88. Sea’s 14-session relative strength index (RSI) was below 30 at the close, a level associated with oversold conditions. The reading describes recent trading activity but does not establish what caused Monday’s decline.
Source: TokenPost
