MELI trade ideas
$MELINASDAQ:MELI una bestia, enorme. Hoy subió 3% mientras el resto de los ADR argentinos cerraron en baja (algunos se hicieron pedazos). Está en máximos históricos por lo que se hace un poco dificil definir hacia donde irá. En lo que podemos definir con extensión de Fibonacci, ya estaríamos llegando al 2 que se encuentra en 654. Esta puede ser una posible resistencia. Hacia abajo vemos varias cosas, apertura en límite superior del canal de Keltner, canal alcista formado a partir del 26/12/2018, rebote del MACD que indicaría una continuación de suba. Por otro lado, RSI se acerca a la zona de sobrecompra, si pasa los 70 deberíamos empezar a tener un poco de cautela teniendo en cuenta la resistencia de la extensión de Fibonacci que en combinación con el RSI podría generar un retroceso hacia la zona de los 610, soporte que veo clave por ser una línea de Fibonacci de 1,786
MercadoLibre Upgraded
Bullish golden cross complete.
Possible entry level $705
Stock at a critical level, possible breakout or failure.
Worked off overbought conditions in previous few sessions.
Piper Sandler analyst Michael Olson raised his price target for MercadoLibre to $760 from $675 on expectations the company will report "strong" Q4 results. The analyst sees upside potential for MercadoLibre's key Q4 metrics and he remains confident in the company's ability to drive growth. He also believes there is "'light at the end of the tunnel" for margin improvement and keeps an Overweight rating on the shares.
Source thefly
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$MELI Mercadolibre Rejected at All Time High MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users 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 Buenos Aires, Argentina.
MercadoLibre, Inc. bullish recovery. Entry level $568.
Target price $610 at the golden pocket and also in confluence with daily resistace.
Stop loss $554 just below fibonacci support.
Company Profile
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users 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 Buenos Aires, Argentina.
$MELI Bulls battling the death cross in Mercadolibre.Mixed signal on the chart but the bulls are battling hard today after a strong bounce in the past week from the gap fill target.
Indicators are turning bullish but $540 looks like the maximum upside where the descending 50ma will be strong resistance.
$MELI holds to much rick into earnings.Investors have steadily dripped out of MELI as the valuation has been more and more unreasonable.
They MA's have been rolling over for some time and particular concern is the loss of support from the 200ma.
RSI has been making lower highs for 8 months.
Several gaps exist on the chart, these eventually get filled.
The growth can not justify the 1717 P/E.
Company profile
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users 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 Buenos Aires, Argentina.
Mercadolibre Inc way overvalued. Today's upgrade to a $800 price target just seems like madness, the stock is already trading at a 1934 P/E ratio which is ridiculous in comparison to some of they greatest companies in the world.
From a technical perspective the chart is showing weakness as it is already a very high price for such a stock, we believe it has further downside ahead.
AVERAGE ANALYSTS PRICE TARGET $693
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/R RATIO 1900
SHORT INTEREST 5%
COMPANY PROFILE
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users 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 Buenos Aires, Argentina.
$MELI Bearish Divergences in Mercadolibre Inc. Caution needed. Mercadolibre in our opinion is running higher on FOMO and sentiment, fundamentals and technicals have been moved to the one side, if in a long position this is a good moment to reflect on the huge gains in 2019 and the risk involved in holding the stock for to long, " be fearful when others are greedy"
Given the fact that the stock price is well above the average analysts estimate , those analysts will now be forced to re rate the stock, while some will be bullish we believe downgrades should be expected given the velocity of the move since December lows.
TODAYS QUESTIONABLE UPGRADE
Barclays analyst Deepak Mathivanan raised his price target for MercadoLibre to $730 from $615 ahead of the company's Q2 results and reiterates an Overweight rating on the shares. The company's financials are likely to see "meaningful tailwinds from easing comps in its e-commerce business and incremental consumer adoption of fintech offerings on payments over the next few quarters, Mathivanan tells investors in a research note. He expects MercadoLibre's gross merchandise volume growth to "accelerate nicely" in Q2 and "track at healthy levels" in the second half of 2019.
Technically The chart of MELI is showing bearish divergences for some time, this can not be ignored, correction are healthy and needed for long term stability.
AVERAGE ANALYSTS PRICE TARGET $594
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
SHORT INTEREST 4.5%
COMPANY PROFILE
MercadoLibre, Inc. engages in the provision of online commerce platform with focus on e-commerce and its related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The firm provides users 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 Buenos Aires, Argentina.
$MELINASDAQ:MELI en este caso puede verse como la MA 8 ya está en contacto con la MA 20, tal cual lo estuvo en otros momentos de esta subida. Luego de ese contacto el precio salió disparado hacia arriba aunque cada salto es mas chico que el anterior, esta vez podríamos esperar que el precio suba hasta el máximo histórico y cierre cerca de 660. MACD está posicionado también de manera correcta cerca del cruce con la línea de señal
MELI: Cha-ching!!! Look no further..this is it.I have been slicing this many ways and look for confirmation. And this just fits my theory and read.
Reports on July 31st.
Looking at 1 yr chart and here is what I am seeing:
MACD: Nice cross over (Big time bullish)
ADX: Wowza!!! Cannot get more bullish than this
RSI: 60...wow
Ichimoku Cloud: Way above it
660 1st stop and then attempt to break all time high. I expect this to be at 770 post er. This name may not be for you but this can make you WEALTH. I am loaded up and will add more next week. I have Sep 20th---660c ($50K worth) but I think this is not enough.
