Heads up. MELI Online E-commerce superstar out of South America is potentially forming a head and shoulders formation on could be an opportunity for some great trading in the next 3-6months on this fast mover. Discounted Cash Flow Model produces a valuation of $440 using historical growth and margins in forecasting method - around 32% revenue growth. This...
We are looking for a new trade setup in MELI. Please check below. Trade Criteria Entry Target Criteria- Break of $149.73 Exit Target Criteria- $91.13 Stop Loss Criteria- $161.63 You can check detailed analysis on MELI in the trading room/ Executive summary link here- www.youtube.com Time Span- 8:10" Trade Status: Pending