To The Moon

Hi everyone! Here’s some stocks I have been looking at for the week. (1) MercadoLibre (NASDAQ: MELI) The stock broke down from its ascending channel. However, it found support at the 61.8% Fib retracement level at 1,142.86. The hidden bullish divergence on the daily timeframe continues to be valid, as we are likely forming a higher low here. So long as 1,142.86 holds, I continue to reiterate the next target to be the 1,550-1,601.92 bear gap (refer to Watchlist [13]) followed by the 23.6% Fib retracement at 1,685.04. Sentiment: BUY Bullish PT: 1,550 to 1,601.92 → 1,685.04 Bearish PT: 1,142.86 → 904.41 (2) Apple (NASDAQ: AAPL) After several weeks, AAPL has finally tapped the 38.2% Fib retracement level at 169.94 and is extremely close to its daily 200MA. It is still consolidating in the desc

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