Tuesday, November 28, 2023

Technical Bullflag Breakout Pattern - MELI and PANW

 3 Nephi 24:6 " For I am the Lord, I change not; therefore ye sons of Jacob are not consumed.



November 28, 2023


MELI has had a stellar 3 consecutive earnings reports, only this 3Q that the stock price is finally breaking above its $1440 technical resistance.  It is currently trading and printing a new 52-week high in the last 2 weeks, the all-time high stock price is at $2020.




PANW has had a string of strong quarterly earnings reports.  The technical settings are in a bull flag pattern daily and weekly.








No comments:

Post a Comment

Pull Back Coverage 4/17/24

  April 16, 2024             The stock market has been firing on all cylinders since last week. The volatility is attributable to geopolitic...