$MELI Hitting Resistance - Candle of Death
Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play.
Short term target - $880.00
If 20d ema line is broken we could see $800 near term.
Note: Education analysis, not investment advice.
Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play.
Short term target - $880.00
If 20d ema line is broken we could see $800 near term.
Note: Education analysis, not investment advice.