Bullishcharts
Long

MercadoLibre, Inc. bullish recovery.

NASDAQ:MELI   MERCADOLIBRE INC
Entry level $568.
Target price $610 at the golden pocket and also in confluence with daily resistace.
Stop loss $554 just below fibonacci support.
Company Profile
MercadoLibre , Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users a mechanism for buying, selling and paying as well as collecting, generating leads, and comparing lists through e-commerce transactions. The company was founded by Marcos Eduardo Galperin on October 15, 1999 and is headquartered in Buenos Aires, Argentina.
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