MELI trade ideas

dpuleo19 Updated 

I see a lot of bullish signs in NASDAQ:MELI . The MACD is showing a bullish divergence making higher lows, the volatility has decrease with lower and lower volumen and the price is making a "cup & handle" patter; a classic reversal pattern. The only thing that doesn't meet my criteria is that the MAs aren't align the way I like. But, other han that everything...

TaPlot

$MELI pullback setup after a 5 month head and shoulders base breakout early this month.

Kloewii

melt long trend up.

poggo_

Meli formed a cup and handle formation which is a very bullish formation. Setting up for $1641 and possibly $1700 next week. Calls are pretty expensive but could pay out big.

saketgoyal76

Short term target of $1626 with SL at $1510. GL.

Snowlotus

the minimum target in 6-9month is 2900

vongovar

Great resistance in MELI. For my part I see it more bearish during the week. Drop of 10-15% to generate some convincing pattern to think a continuation in the trend.

kostaskondilis

stoploss under 200ma

howardcrypto

$MELI

JacksDream

Patiently waiting for a breakout of this falling wedge pattern.

ThinkingAntsOk

Let's take a look at MELI. We can see two relevant aspects on the chart. a) The price has broken an ascending trendline that has been working since MAY 2020 b) The price has been correcting for the last 4 months almost, and the main structure we can observe is a descending Wedge. Based on those two items on the daily chart, this is our trading plan. -We...

Mohamedakl86

expect to move for another 2 months in this wedge

kostaskondilis

stoploss under the 200ma

02:49

danielvillarre71

Exploring MELI applying Elliott waves. I see MELI bullish to the next month.

kostaskondilis

buy after the break and above the 50ma

ContraryTrader

Got rejected on 50day ma yesterday which made for a better handle. let's see if it breaks through today . entry 1650 Purple line-50ma- 1637 Blue line-100 ma-1646 Gold line 200ma white loop -Cup

nDam

Hi Traders and investors. This is my outline on rough guesses based on nothing but the chart, I don't know anything about this company, hence the loose targets on timing. We have a key support on this one at 1338, which in my opinion is key for the speed of gains for current holders of the stock. this is my take, always do your own dd. and take this as...

Ruckyh

Hourly analysis. We sould be completing the 5th impulse within the hour fractal with a $1780 objective ( Ia m very new to this)