Time: 1:16

Trading Tech.:

Stock: MELI

Good looking position with another 60 min. buy signal comming up, but with a RS of 68 and a weak weekly pattern I don't want to add to this position.

I added to my PCLN position this morning on the good 60 min. buy because I can't find a weakness in this idea.

IMCL does not have a high enough S/D rating. Use tight stop and look for exit on any rally for a quick gain.