Great spotlight on MELI. I would just warn that the stock is near the 200 day moving avg. It has served as support in past with only minor violations. But if it truly loses the 200, you may be able to buy it lower. The selling volume was very big in relation to daily avg. On balance volume is falling and TSI looks bearish.
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Great spotlight on MELI. I would just warn that the stock is near the 200 day moving avg. It has served as support in past with only minor violations. But if it truly loses the 200, you may be able to buy it lower. The selling volume was very big in relation to daily avg. On balance volume is falling and TSI looks bearish.
Thanks for the technical insight. If it falls further, I will buy more aggressively.