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Crossed Above 20 Day Moving Average appears for MELI after 6.34% move
MELI posted a 6.34% gain on Tuesday, August 11th, accompanied by 1.7× normal trading volume. Multiple bullish signals emerged — Crossed Above 20 DMA, Crossed Above 200 DMA & Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 1864.85, 1789.69 & 1749.12, with resistance at 1980.58, 2021.15 & 2096.31.
Current SwingTradeBot Technical Rating of MELI: C
Just a sneak peek — check SwingTradeBot.com for the full story on MELI.
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