Short MELI CMP $1085.36

9. Jan. 2022Short 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. Jan. 2022

Trade ist aktiv

Taking support at drawn level

30. Jan. 2022

Trade ist aktiv

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

23. Feb. 2022

Trade geschlossen: Ziel wurde erreicht

target reached