Double Top in MELI – Potential Reversal Inside a Channel🧠 Double Top in MELI – Potential Reversal Inside a Channel
Ticker : MercadoLibre, Inc. (MELI)
Timeframe : 1D (Daily Chart)
Pattern : Double Top
Bias : Bearish Reversal within a Bullish Channel
Technical Breakdown
We're spotting a clean Double Top at the upper boundary of a long-term asc
0.30 USD
1.70 B USD
18.45 B USD
About MercadoLibre, Inc.
Sector
Industry
CEO
Marcos Eduardo Galperin
Website
Headquarters
Montevideo
Founded
1999
ISIN
ARDEUT116175
MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries. The Other Countries segment refers to Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Bolivia, Honduras, Nicaragua, El Salvador, Guatemala, Paraguay, Uruguay, and the United States of America. Its products provide 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 Montevideo, Uruguay.
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$MELI: Long term trend activeThe dominant e-commerce and fintech player in Latin America, MercadoLibre, has demonstrated robust growth in the first quarter of 2025.
With a significant increase in gross merchandise volume and total payment volume, the company is capitalizing on the region's digital transformation.
Key metric
MercadoLibre Pulls BackMercadoLibre rallied to new highs last month, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the $2,374.54 level. MELI first touched that price on February 21 after reporting strong earnings. The stock gapped above the level in May on another s
MercadoLibre setting up for good buy opportunityHello,
MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries.
TECHNICAL ANALYSIS- Checklist
1. Structure drawing (Trend
MELI at Risk from Momentum Shift and High ValuationMELI has gained over 35% since the April dip, but momentum has been fading since September. The slowdown has become increasingly visible, and last week's high may remain the top for some time unless Wednesday’s earnings report surprises the market on the upside.
The consensus estimate for MELI’s re
Technical Analysis of $MELI (MercadoLibre) - For Long TermAfter a thorough analysis of MercadoLibre ( NASDAQ:MELI ) charts on 1M, 1W, and 1D timeframes, here’s a summary covering market context, key levels, trading opportunities, and price phases. Perfect for traders or investors looking for actionable insights.
Market Context
1M/1W: Strong bullish trend
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
M
SXC1O
Mercadopago Servicios de Procesamiento SRL FRN 18-JUL-2026Yield to maturity
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Maturity date
Jul 18, 2026
See all MELDB bonds