OnePointScalp

Touched 50 SMA. Enter zone 1770-1700. Wave 3 consolidation.

Long
NASDAQ:MELI   MercadoLibre, Inc
Currently at Wave 3 consolidation A-B-C. Touched 50 SMA support. Might dip to Fib .38 at $1703.
First level of support at $1770. If cannot hold, will further to Fib .38 Level. Great entry zone for long term.

Comment: Looks like it's a heavy sell off. Might dip to $1,616. Earning tomorrow. Let's see how it behaves.

Comments

do you got an update? :) would be awesome
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Thanks for this chart, but as most of the time, it does not help to invest. Markets just went down. MELI is now at 1633$ , any pro advise at which level a BUY would really make sense? Insights?
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what will be soon targets long? next month?
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OnePointScalp JustTyrex
@JustTyrex, Tomorrow is earning call. Let's see how it goes. Currently it's still a retracement to Wave 4. Might dip to Fib 0.5-0.62. Until it shows upward momentum, there is no data to plot yet and no clue how high Wave 5 can soar. If you were to plot the Fib Ext today, it can go to $2,264.
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JustTyrex OnePointScalp
@OnePointScalp, is the report available soon?
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OnePointScalp JustTyrex
@JustTyrex, Usually after market closed. Wow, as predicted yesterday, it dipped to $1616. Next low $1522.
+1 Reply
JustTyrex OnePointScalp
@OnePointScalp, and was it a good report?
+1 Reply
JustTyrex OnePointScalp
@OnePointScalp, in 9 hours we know better buy now lol they have great numbers prob because of corona and the next years in brazil look good I dont think its in the pric already
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JustTyrex OnePointScalp
@OnePointScalp, this week we know more my friend today is earnings day have a great feeling
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