Will the “BUYING” season start soon?

MELI may be ready for the opening dance

Fair value: $1010

Average yearly return: +52%

Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices.

  • The relative strength index (RSI) is a popular momentum oscillator.
  • The RSI provides technical traders signals about bullish and bearish price momentum, and it is often plotted beneath the graph of an asset’s price.
  • An asset is usually considered overbought when the RSI is above 70% and oversold when it is below 30%.

Over BillBull

Investment strategist. Administrator of "The-Wiseguy.com" Never ask me why: 'T.A.' only

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