$MELI - RC -
Added 2024-03-27 13:48:48 +0000 UTC$MELI is a company I like and is up there with $SHOP to join our Top 20 list, during the rebalancing during the summer '24.
I believe this is showing signs of completing Wave A here of its corrective wave.
I suspect support will be found on the 200 Day MA to complete Wave A.
$MELI should consider a stock split here, to get a bounce for Wave B, then Wave C will follow down to the 0.5 Fib.....only then does it become an opportunity for us towards the end of the year.
Comments
Adding a non US company like MELI would be awesome - very strong company - glad to have you aboard captain
TommyJR
2024-03-29 21:53:15 +0000 UTCsame
Gareth Neary
2024-03-27 20:57:17 +0000 UTC$MELI gets my vote for the top 20, although I have to say I like Shopify too.
Steve Cullip
2024-03-27 20:52:01 +0000 UTC
