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$MELI - momentum works both ways
MercadoLibre, Inc.
Long
$MELI - momentum works both ways
By goledger
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Dec 1, 2021
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Dec 1, 2021
"Can't catch a bid on the buy side" and continues to be thrashed whether Nasdaq is up or down.
Selling might be overdone, but
MELI
could be headed for $970 (not my prediction). This is a momentum (or lack thereof).
I keep hoping the volume will fall off, or that we'll just have an up day.
Long and trying to hold ...
Trend Analysis
goledger
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