Mercado Libre (MELI) could be close to start an impulse wave
Assuming that the wave count is correct, Mercado Libre could be close to completing a corrective wave to start the fifth wave of impulse, which could send the price to the range of 2,500-2,700 and high at $ 3,000 in the fall of this year.
It is currently at $1,400, the $1,200 is a key support level, more than that I doubt it will go down, if it does touch them, it could be used to buy more.
Both the awesome oscillator and squeeze momentum are at the oversold point and have previously served as good entry signals. For its part, although the money flow index is close to 50 points, it still has room to rise after the low of March 8.
Therefore, if the indicators and the count do not fail, we should expect a next rally in this stock.
MELI
It is currently at $1,400, the $1,200 is a key support level, more than that I doubt it will go down, if it does touch them, it could be used to buy more.
Both the awesome oscillator and squeeze momentum are at the oversold point and have previously served as good entry signals. For its part, although the money flow index is close to 50 points, it still has room to rise after the low of March 8.
Therefore, if the indicators and the count do not fail, we should expect a next rally in this stock.
MELI
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。