Long
MELA Bullish Fib 61.8% Retracement and Projection
This high beta stock that moves fast compared to the market has made a 61.8% fibonacci ("fib") retracement, and the fibonacci projection tool suggests a preliminary target around $4.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.