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neckline for inverted head and shoulder pattern is $1300 or $1400?
short covering rally could also be triggered by people want to roll their short positions into more extended stocks.
Remember MELI fell from $1633 to $1053 in 13 trading days on elevated volume. And included a dilutive spot secondary offering at a 5% discount (well-timed for company, not so much for investors and traders)
Thanks for sharing!