MERCADOLIBRE INC

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Shares of MercadoLibre (NASDAQ:MELI) hit an another all-time high last week, and there’s another Wall Street pro who thinks the dot-com darling is going even higher.Barclays analyst Deepak Mathivanan initiated coverage of MercadoLibre with an overweight rating after Tuesday’s market close. He’s setting a $250 price target on the stock, translating into 18% of ...

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- https://www.youtube.com/watch?v=B4IA-WvgT94&t=6s Time Span- 8:10" Trade Status: Pending

Date First Found - November 15, 2016 Pattern/Why- breakdown of trend line and up channel, Entry Target Criteria- break below $159.00 (hit November 15, 2016) Exit Target Criteria- $90.00 Stop Loss Criteria- $177.63 Indicator Notes- big drop in Twiggs Money Flow Special Note- we would consider March $170 Puts @ $11.50 or March $165 Puts @ $18.30

1.5 Year Cup and Handle pattern. Uptrend rising to the pattern, Wolfe Wave topping formation, 1-4 Line, OBV steady uptrend accumulation from base, Elliot Wave 5, Handle formation and break_out. RSI overbought, Retest (38.2%-50% retracement) and Long opportunity, 200 measured target.

Bull Flag Entry. Moved outside downward channel.

Watching the huge pivot around 90. Could stabilize above there. We'll know soon enough.