Here is my chart explaining some tendencies with channels. I think is going up but I open it to the discussion. A tech company selling online products growing fast and even faster in the pandemic. What are your thoughts? For me it seems neutral trying to go bullish after October.
i think this is good to buy on the dip here, if the market cooperates i think we'll be back to all time highs next quarter, pretty good institutional and big money interest, originally backed by JP and Goldman, looks like this is going to be the online market for South America
Updates on MELI long setup, the corrective pullback into first long entry level at 38.2% retracement at 944 and second long entry level at 845 will be our two tier long entries trade plan for MELI. Look to establish Leaps on MELI expiring 2021 with a dip into 944 and 845. Trade execution details on Video Update.
MELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on...
MELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on...
MELI se está apoyando en el soporte utilizado en las últimas semanas. Con forrest de MACD aumentando post peak, RSI en 30 puntos, casi al margen de sobreventa y volumen decreciendo no acompañando a la baja. En los próximos días MELI podría dar fin a la corrección y volver al alza.
Acompañando a esto, pertenece al sector de E-commerce, aportando a la idea de ser...
Luego del tremendo balance que metió aproveché la toma de ganancias y entré al papel cuando frenó la baja. Toda agachada en este tipo de empresas la veo como una excelente oportunidad de compra.
