Buy MercadoLibreShort Term Trading Advice by Naranj Capital
Buy MercadoLibre
● Buy Range- 2000 - 2030
● Target- 2120 - 2150
● StopLoss- 1950
● Potential Return- 5-6%
● Duration- 12-14 Trading Days
Key facts today
155.04ARS
290.60 BARS
4.26 TARS
About MercadoLibre, Inc.
Sector
Industry
CEO
Marcos Eduardo Galperin
Website
Headquarters
Montevideo
Employees (FY)
58.31 K
Founded
1999
ISIN
ARDEUT116175
FIGI
BBG000Q1XQ77
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.
Mercado Libre | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General
Ready for a breakout?With this heavy pullback in the market, MELI is holding like a real leader stock
Meli remains in rangeI have been looking at a long term entry on MELI for a while. This is for the long-term never sell fidelity portfolio. With Amazon strength I expect Meli to push this median here. I'd love a rejection to the bottom the channel but I expect this channel to break to the upside in the coming months. I
5/2/24 - $meli - ex post dip buying or chasing higher ex post5/2/24 - vrockstar - tough setup b/c the trends look mediocre at best (esp recent ones). long term compounder w/ awesome moat growth at 4x revenue and 2y fwd PE in the high 20s isn't "expensive" for this type of 30-40% cagr. however, any miss/ investment issues here will dramatically reset the # and
Meli might be great trade up from here.The trend is clearly up now, we have gained the very support that was lost and made us the low.
I might be still wrong since it is a very risky trade up here.
if we close the bellow 1240$ the idea gets destroyed.
This is how I average down Assuming your capital base is 10x and this is how I would buy this company in stages.
You would see that at 1st buying opportunity, I am just taking a small position. One can never be too sure that it would come to the ideal price you want. I wish I can predict the market each and every time but I
MercadoLibre ($MELI): A Deep Dive into Q4 EarningsIn the dynamic landscape of Latin American e-commerce, MercadoLibre ( NASDAQ:MELI ) has emerged as a towering figure, often dubbed as the "Amazon of Latin America." However, its recent fourth-quarter earnings report unveils a tale of resilience amidst tax obstacles and growth challenges. Let's delve
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