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ContraryTrader

Meli channel trade , Possible breakout

Long
MercadoLibre, Inc. (NASDAQ:MELI)  
ContraryTrader  
NASDAQ:MELI   MercadoLibre, Inc.
Trend Analysis Support and Resistance Parallel Channel
5
0
trendanalysis supportandresistance parallelchannel
Redline (split Channel)
White lines ( Weekly channel)
yellow line (Down trend breakout)
Green lines - 1670 is support/1724 is breakout conformation/1874 first target

Meli jumped huge Friday on news of its debt offering..

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