SEI has confirmed a breakout from an inverse head and shoulders pattern, indicating a potential long-term trend reversal with price targets set between $0.2900 and $0.3000.
The price is currently above the critical $0.2300 neckline, now acting as strong support along with increased trading volumes, while trading above its 50-day EMA.
SEI's retesting of the neckline area, now a strong support level, could lead to a successful rally with increased investor interest and buying momentum.
After a prolonged downtrend, SEI has completed an inverse head and shoulders pattern, indicating a potential upward movement supported by technical analysis and positive market sentiment.