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ContraryTrader

Meli showing H&S

Short
MercadoLibre, Inc. (NASDAQ:MELI)  
ContraryTrader  
NASDAQ:MELI   MercadoLibre, Inc.
Trend Lines Head and Shoulders
4
0
trendline headandshoulders
Recently rallied off a great earnings but fell short of a new ATH and like most of the tech stocks that are reaching 52 week highs Meli looks to be distributing now.

Conformation or entry - Yellow line
Target - Green line or gap close

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