Short MELI CMP $1085.36

9 Oca 2022

Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.

22 Oca 2022

İşlem aktif

Taking support at drawn level

30 Oca 2022

İşlem aktif

Trading below the support level. $905 in can be achieved in coming days with market sell off.

23 Şub 2022

İşlem kapandı: hedefe ulaştı

target reached