MercadoLibre, Inc.
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MercadoLibre $MELI making the reversal

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I see a lot of bullish signs in MELI. The MACD is showing a bullish divergence making higher lows, the volatility has decrease with lower and lower volumen and the price is making a "cup & handle" patter; a classic reversal pattern. The only thing that doesn't meet my criteria is that the MAs aren't align the way I like. But, other han that everything looks very good.

With a buy above its resistance in $1,600 you could have a price target near $2,000 for a +24% profit with a 8% risk. That's a fair deal to me.
İşlem aktif
Today MELI closed far from the high, depending on tha price action of tomorrow I'd advise to sell the position or at least part of the position.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.