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MELI Fell Below 20 Day Moving Average on November 6
On Thursday, November 6th, MELI moved down 7.54% while volume increased to 1.5× the usual levels. Multiple bearish signals emerged — Fell Below 20 DMA, Fell Below 200 DMA, Directional Movement Crossover Bearish & 180 Bearish Setup — suggesting potential weakness ahead. Key support levels exist at 2074.44, 2020.54 & 1919.31, with resistance at 2229.57, 2330.8 & 2384.7.
Current SwingTradeBot Technical Rating of MELI: D
Don’t miss other key signals MELI triggered—view them now on SwingTradeBot.com.
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