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Is MELI likely to continue lower? 20 Day Moving Average Resistance shows up after declining 0.51%
MELI finished lower by 0.51% 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 1796.74, 1772.78 & 1745.56, with resistance at 1847.92, 1875.14 & 1899.1.
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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