Sold my MELI today for break even. It was going so well for the past three days, then after the grim retail sales number came out today, the stock just broke down. Personally, I do not understand why MELI did this. It is a Mexican eBay not a US eBay. Why this stock reacted to US retail sales number I do not understand. But the candle stick pattern did not look sightly at all so I got out right away.
Will look at future movements to determine my entrance again but for now the trend has been broken and I just want to be safe for now.
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