Nice breakout in NASDAQ:MELI this month so far, quarterly trend confirmed last quarter, and we now get new highs which gives us more confidence on the breakout being a legit trend.
The daily timeframe triggered a new trend signal, which suggests immediate upside from here, which lowers your risk of entering now to join the longer term trends active. Good spot to join the long term trend if you're not in the trade.
The Argentina market is lagging other LATAM region markets where NASDAQ:MELI operates, this catch up can be a huge source of growth to come for the company as Javier Milei's policies start making effect and returning the country to sanity and a more normal international free markets framework.
From a fundamental point of view a linear projection for the EBITDA in the end of 2026 could be 6billion usd. Such figure could fairly backup a stock price above 4000 usd.