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MELI Crossed Above 20 Day Moving Average on September 16
MELI posted a 2.33% gain on Tuesday, September 16th, accompanied by 1.3× normal trading volume. Multiple bullish signals emerged — Crossed Above 20 DMA, Crossed Above 50 DMA & Directional Movement Crossover Bullish — suggesting potential strength ahead. Key support levels exist at 2353.28, 2316.43 & 2295.98, with resistance at 2410.58, 2431.03 & 2467.88.
Current SwingTradeBot Technical Rating of MELI: D
Today’s move could mean more—check all the signals for MELI on SwingTradeBot.
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