Mercadolibre - Reversal coming to bullish move.RSI bounce off 30. Still above MA200. Moving towards bullish MACD. Longby DenAlmindeligeFar4
Eyes on MELI MELI se está apoyando en el soporte utilizado en las últimas semanas. Con forrest de MACD aumentando post peak, RSI en 30 puntos, casi al margen de sobreventa y volumen decreciendo no acompañando a la baja. En los próximos días MELI podría dar fin a la corrección y volver al alza. Acompañando a esto, pertenece al sector de E-commerce, aportando a la idea de ser un trade seguro en caso de ir long-term.by gmana225
MELI short term bullish8/25/2020 needs to close above 1217 bullish engulfing candle patternby CroonieUpdated 1
Typical trend reversal pattern!Typical lower high& lower low pattern + Breaking the up trend + close below 50 days SMAShortby Moshkelgosha3
mercado libre al borde de la cornisa visión diaria en mercado libre, de perder directriz habrá corrección y probará nuevo piso by instincttrader0
$MELI Luego del tremendo balance que metió aproveché la toma de ganancias y entré al papel cuando frenó la baja. Toda agachada en este tipo de empresas la veo como una excelente oportunidad de compra.Longby JM_Charts442
MELI UP!!Good quarter!! Amazing sales! Beautiful future!! US 1200 and more. Shortby danielvillarre712
MELI - $1500 PRICE TARGET - LOOKING FOR $1075 TO $1175 PULLBACK0. Looking to add to our position on any pullbacks on this stock; 1. Currently running the top of the Channel at $1200+, and may consolidate here; 2. Looking for any pullback to the $1075 (Bottom) or $1175 (Middle) of the Channel for additional shares;Longby drchelsea1115
Can $MELI get over $1000 this week? $MELI is building a base around $980 and looks like it wants to move higher. Markets look like they will support. If so, not looking backLongby coffeequant3
MELI IdeaMultiple rising wedges Led to only a small pullback within the bullrun although Price target is previous trendline of rising wedge Lets see if it extends to to this point or further. by Bixley9
MELI and SE CorrelationMercadoLibre ( NASDAQ:MELI ) and Sea Limited ( NYSE:SE ) are two highly correlated stocks in the same sector (Internet entertainment/e-commerce). Since SE had a 50% increase in the second half of 2018 (marking the beginning of the market-cap similarities), their correlation began, and SE's large moves (or lack thereof) are highly likely to be precursors to moves from MELI, making it a rare case of a leading indicator unlike most (i.e. RSI and MACD which are lagging indicators). As these moves take time (usually about 3-6 weeks), these plays are for multi-week/month traders who seek consistent returns. I've annotated the correlation plays within the last two years which should serve as a framework for anyone seeking to take advantage of these opportunities in the future. TL;DR: SE and MELI are highly correlated, and, as annotated in the analysis, SE is a leading indicator for MELI generally speaking. The areas of big moves by SE are usually precursors for big moves by MELI, and areas of consolidation by SE are usually indicators that MELI's big moves will reverse. Ideal time frame: 2-6 weeks per trade. As always, do your own due-diligence, never risk too much per trade, have your own plans and targets, and be responsible. Chart image without volume: by Ricardo_NUpdated 5
$MELI Hitting Resistance - Candle of Death$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.Shortby Triple_Barrel_Capital6
MELIMELI 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. Longby Trauben_Investments4