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MercadoLibre, Inc.
Short

$MELI Hitting Resistance - Candle of Death

By Triple_Barrel_Capital
MELI Hitting Resistance - Candle of Death

Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play.

Short term target - $880.00

If 20d ema line is broken we could see $800 near term.





Note: Education analysis, not investment advice.
Chart PatternsgravestonedojiTechnical IndicatorsMELIshortTrend Analysis
Triple_Barrel_Capital
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