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Triple_Barrel_Capital

$MELI Hitting Resistance - Candle of Death

Short
MercadoLibre, Inc. (NASDAQ:MELI)  
Triple_Barrel_Capital  
NASDAQ:MELI   MercadoLibre, Inc.
Trend Analysis Technical Indicators Chart Patterns MELI short gravestonedoji
6
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trendanalysis indicator chartpattern meli short gravestonedoji
$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.
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