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MercadoLibre Breaks Out Past A Buy Point With New 52-Week High

MELI stock gained 5% in trading Friday to clear a new buy point, setting up MercadoLibre shares to build on big gains from last year. The post MercadoLibre…

Technical Breakout Stocks: How to trade Alok Industries, Adani Ports and FDC on Thursday

Alok Industries has been a late bloomer, and it has taken almost the entire part of 2023 to bottom out and attempt a push higher, while the majority of stocks are on the other end of the spectrum. The stock has formed a rounding bottom pattern signalling the end of a prolonged downtrend, matured in late December 2023, but the breakout thereof has unfolded unfortunately at the most inopportune time, as the broader market is seen correcting from record peaks.

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