Best looking chart seen in a while (MELI Stock Chart)

By Brett Goldstein on Apr 13, 2008

I think this chart looks gorgeous. The one thing that i dont like is that it closed around its resistance the past few days. The macd is looking great and the RSI. There is an obvious uptrend as well. I think this chart looks great. I have taken a position in it on Friday and looking to add more.

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This entry was posted on Sunday, April 13th, 2008 at 11:46 am and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

6 Responses to “Best looking chart seen in a while (MELI Stock Chart)”

By Shaun Rosenberg on April 13th, 2008 at 6:17 pm

Thanks for sharing. It looks good, I’m more of a breakout trader myself so I wouldn’t get into it unless it breaks $47.5 but I’ll put it on my watchlist.

http://www.stocks-simplified.com

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By Alex on April 14th, 2008 at 5:38 pm

Hey guys, the only thing that I would be cautious about is the lack of big volume as this stock moves up. But, since that is pretty much the problem of the entire market I wouldn’t be too worried. Great find though!

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By WallStreetTrader on June 26th, 2008 at 10:00 pm

MELI is going sideways if not down. The stock has been rather inactive for some time since the $50 to $80 rise in late december. Much better looking charts out there. Have a look at http://www.sharesmadeeasy.com – a free trader’s blog that highlights entry signals into other strong, trending stocks.

darvastrader

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