MELI vs AMZN 1 month comparisonMELI is up 29% compared to AMZN 15% the past month. Good luck and happy trading friends...
Trade ideas
MELI Breaks UP or DOWN?Here is my chart explaining some tendencies with channels. I think is going up but I open it to the discussion. A tech company selling online products growing fast and even faster in the pandemic. What are your thoughts? For me it seems neutral trying to go bullish after October.
MELIi think this is good to buy on the dip here, if the market cooperates i think we'll be back to all time highs next quarter, pretty good institutional and big money interest, originally backed by JP and Goldman, looks like this is going to be the online market for South America
MELI Bullish Trade Setup (Long on Dips) 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 Bullish Trade SetupMELI 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 Video Update.
MELI Bullish Trade Setup 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 Video Update.
Mercadolibre - Reversal coming to bullish move.RSI bounce off 30.
Still above MA200.
Moving towards bullish MACD.
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.
Typical trend reversal pattern!Typical lower high& lower low pattern + Breaking the up trend + close below 50 days SMA
mercado libre al borde de la cornisa visión diaria en mercado libre, de perder directriz habrá corrección y probará nuevo piso
$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.
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;
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 back
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.
