MELI has been moving within a well-defined ascending channel since 2022. Following a strong recent rally, it has once again reached the upper boundary of this channel. As seen on multiple occasions, I anticipate a short-term pullback from this level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.