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Is MELI primed for downward momentum? 20 Day Moving Average Resistance shows up after sliding 0.55%
MELI finished lower by 0.55% on Friday, August 7th, trading 1.0 times its typical volume. consolidation patterns formed: Bollinger Band Squeeze and Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 1796.28, 1772.55 & 1745.1, with resistance at 1847.46, 1874.91 & 1898.64.
Current SwingTradeBot Technical Rating of MELI: D
This might just be the start. See what else showed up for MELI today.
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