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20 Day Moving Average Support appears for MELI after 2.35% move
MELI posted a 2.35% gain on Wednesday, September 17th, accompanied by 1.2× normal trading volume. Multiple bullish signals emerged — 20 DMA Support, 50 DMA Support & MACD Bullish Signal Line Cross — suggesting potential strength ahead. Key support levels exist at 2388.3, 2330.29 & 2290.31, with resistance at 2486.29, 2526.27 & 2584.28.
Current SwingTradeBot Technical Rating of MELI: D
There’s more where that came from. See all of today’s signals for MELI here.
Read full article here »