Image Source: UnsplashSea Limited (SE) 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.
