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MercadoLibre, Inc.
Short

MELI SHORT

By StayoA1
Updated
MELI

Short MELI

Classic Double Top Paired with bad company fundamentals ie AMZN is gonna beat them out...

Its simple....short it... that's all
Trade active
Entered Short Trade @ 1300 on its way down. 1k Put Contracts Expires 1/21

Up 50%

TP @ 1050
Trade active
Entering my price target zone of 1050, will exit position soon.

Up 120%

Possible renter of trade after testing previously resistance, or keep trade open if market crashes.
Note
Exited Trade at 1050 - 1000 zone as planned

Total Return 374%

Looking to renter at rejection of levels
Chart PatternsFundamental AnalysisMELIshortTrend Analysis
StayoA1

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