Momentum is building with this Bearish Flag. See the live chart action.
Bearish continuation if preceding move was down.
Traders are watching Mercado Libre (MELI) as price action tightens. With a last close of $1715.52, volatility remains active (-0.2%). The primary technical feature is a Bearish Flag formation. This setup is supported by average volume turnover. A potential breakout level is identified at $1593.21, targeting $844.42 with support near $1741.64 (R:R 5.04).
What is your outlook on MELI?