goledger

$MELI - momentum works both ways

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NASDAQ:MELI   MercadoLibre, Inc.
"Can't catch a bid on the buy side" and continues to be thrashed whether Nasdaq is up or down.

Selling might be overdone, but $MELI could be headed for $970 (not my prediction). This is a momentum (or lack thereof).

I keep hoping the volume will fall off, or that we'll just have an up day.

Long and trying to hold ...


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