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Mercado Libre Chart Analysis

Mercado Libre Chart Analysis

Image Source: Pexels Bob Lang gives a technical analysis of the stock chart for MELI.Audio Length: 00:03:36More By This Author:Market Blast – August 14, 2024 Don’t Shy Away From Volatile Markets Nasdaq McClellan Oscillator – Chart Analysis
Brace For Impact: Your Essential Guide To The Next Economic Revolution

Brace For Impact: Your Essential Guide To The Next Economic Revolution

Image Source: Pexels In an ever-changing global landscape, investors and policymakers alike find themselves facing a complex array of challenges that promise to reshape the economic and market dynamics of the coming years. As we stand at the crossroads of significant technological, political, and environmental shifts, it’s crucial to understand the key factors that will influence […]
Stocks To Watch Today: Alphabet, Cardinal Health, And Kellanova

Stocks To Watch Today: Alphabet, Cardinal Health, And Kellanova

Image courtesy of 123rf.com Three stocks are making the headlines today: Alphabet Inc. (Nasdaq: GOOG), Cardinal Health (NYSE: CAH), and Kellanova (NYSE: K) are each experiencing notable shifts in their market positions due to various factors ranging from potential regulatory actions to strong financial performances and acquisition news. Here’s a quick look at what’s moving the […]
Elliott Wave Technical Analysis: Swiss Market Index – Wednesday, Aug 14

Elliott Wave Technical Analysis: Swiss Market Index – Wednesday, Aug 14

Swiss Market Index Elliott Wave Analysis Trading Lounge Day ChartSwiss Market Index Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT HIGHER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 of 3 appears complete, with Orange Wave 3 now in progress. Wave Cancel Invalid Level: 10254.21 The Swiss Market Index (SMI) is currently exhibiting […]
Bitcoin targets $65,000 as rate cut prospects strengthen, analysts suggest

Bitcoin targets $65,000 as rate cut prospects strengthen, analysts suggest

Key Takeaways US July CPI inflation rate fell to 2.9%, below the expected 3%, potentially triggering a Fed rate cut. Analysts project Bitcoin could reach $64,000 to $65,000 if the Fed cuts rates in September. The US Consumer Price Index (CPI) numbers came out this morning, with the July CPI inflation rate falling to 2.9%, […]
Big Run Up – Sell A Higher Open

Big Run Up – Sell A Higher Open

The rally off the earthquake low 9 days has been impressive price-wise, but anemic volume-wise. It looks like an absence of sellers versus an abundance of buyers. I have used the rally to reposition some portfolios and reduce exposure in others. I continue to believe there are more aftershocks coming later this month and in […]
Gold And Silver: Gold Remains High In The All-time High Zone

Gold And Silver: Gold Remains High In The All-time High Zone

Gold chart analysisDuring this morning’s Asian trading session, the price of gold found support at the $2455 level. After that we saw a bullish consolidation up to $2480. For now, the price stops at that level and makes a correction to the $2462 level. The drop to this level was short-term, and gold is again trying to […]
AUD/USD Posts Fresh Three-Week High At 0.6640 Ahead Of US Inflation

AUD/USD Posts Fresh Three-Week High At 0.6640 Ahead Of US Inflation

The AUD/USD pair hovers near a fresh three-week high at 0.6640 in Wednesday’s European session. The Aussie asset clings to gains as the US Dollar (USD) dips ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be released at 12:30 GMT.Investors will keenly focus on the US inflation data as it will influence […]
After The Turmoil, There Is Still No Green Light

After The Turmoil, There Is Still No Green Light

In our analyses, we regularly examine current movements, identify possible influencing factors and assess the general market situation. However, these are not recommendations, but merely opinions and food for thought.It is not uncommon for severe corrections to attack the low again in the short term. If the stock market confirms this tradition again, it is […]
AUD/CAD Price Analysis: Continues Rising In Short-Term Uptrend

AUD/CAD Price Analysis: Continues Rising In Short-Term Uptrend

AUD/CAD has established a sequence of rising peaks and troughs since it found a floor and reversed course on August 5. It is now probably in a short-term uptrend which given “the trend is your friend” is more likely to continue rising than not.  AUD/CAD 4-hour Chart  The 200-period Simple Moving Average (green) lies above the current […]