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danielvillarre71
Mar 26, 2021 12:26 PM

MELI, over the 0,618 Fibo Retracement.  Short

MercadoLibre, Inc.NASDAQ

Description

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.
Comments
padmajav11
You made the right call back then! Is this still a good time to buy this stock or wait for a pullback?
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