MELI, over the 0,618 Fibo Retracement.

NASDAQ:MELI   MercadoLibre, Inc
The stock is doing a strong retracement to the 0,618 Fibo. It seems to recognize USD 1400. On the short, the stock could down more to USD 1200, or going up to USD 2000. I think, it depends Fundamental indicators that It looks good, specially to the long term. My consideration, It's a good time for buy and hold.


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