As the portfolio of the biggest hedge funds, MELI is going popular among some of them. Here I have analyzes the chart with Trend lines, Fibonacci and clusters, As you can see the red circle is a good entry point if the bearish trend line breaks.
Video breakdown on $JMIA going into Earnings!Short term Short, Long term long
$JMIA needs to be above $40.5 for a shot at the $53
MELI BACKGOUNDS MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin...
Lets be honest here, JMIA will report earnings on Tuesday premarket and tell us they are still losing money and won't be profitable until years to come. If we do crash like im expecting we do... this could very well be the final dip. JMIA has had some good things going for it like working with Microsoft but I think we see ONE LAST EARNINGS DUMP! CHART LOOKS VERY...
Updates on MELI long setup, the corrective pullback into first long entry level at 38.2% retracement at 944 and second long entry level at 845 will be our two tier long entries trade plan for MELI. Look to establish Leaps on MELI expiring 2021 with a dip into 944 and 845. Trade execution details on Video Update.
MELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on...
MELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on...
$MELI Hitting Resistance - Candle of Death Looking over-extended with the gravestone doji on 4 hr chart - finding resistance at the 1.618 fib level. High risk short play. Short term target - $880.00 If 20d ema line is broken we could see $800 near term. Note: Education analysis, not investment advice.
MELI Mercadolibre, Great Company, Great Fundamentals, Great Quarantine Effect. New way of shopping, see Ali-baba, Amazon, and all e-shops will go high as never seen before. No doubts, we are looking for a Good Long. Here we have a Good Long.
Strong linear regression uptrend, 0.86. Alligator can be observed to be 'eating' meaning price is moving more often rather than being stagnant.
Action today proves it has a way UP to go yet. My idea is $650. 1.618 Fib.