They MA's have been rolling over for some time and particular concern is the loss of support from the 200ma.
has been making lower highs for 8 months.
Several gaps exist on the chart, these eventually get filled.
The growth can not justify the 1717 P/E.
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.