MELI34 trade ideas
Another stock ready to run - MELIGetting long this week. This chart looks better than any crypto chart I've seen. Why focus entirely on crypto while another asset class has a better risk reward proposition? Keep the emotions out of the game.
Buy the dip in MeliThis stock is a beast and the future is looking bright. However the stock is overstretched atm. When this dips i'm buying the dip.
$MELI vs. $BIDU - I'd be short if I wasn't neutral I've had $MELI on my WL for I guess a few weeks now, just because the dip looks healthy - something you can definitely see coming. Decided to use a comparison just because the MA strategy I use is complicated, but more reliable (to me) than charting a neo wave & making an entry right before price makes an impulse move. Takes the waiting/chasing price out of a potential impulse move. But main difference between the two - more impulse moves, same trend. $MELI little more oversold with a little less of testing much (new) resistance. Decent impulse move upward of the dead kitty label would be my ideal put/short. Other than that, this one is a little scary for bulls or bears lol
MercadoLibreShort from $402.50. Could see some more buying in the near future - this is a long term play.
- Due to increase in investment towards free shipping and loyalty programmes, chargebacks marketing as well as higher maintenance posting and fraud prevention cost, margins are currently under pressure.
- Free shipping and loyalty programmes are currently at their initial stage of deployment and as they progress they will increasingly put pressure on the margins.
- NASDAQ:MELI is also exposed to a large foreign exchange risk, the company currently operates in 19 different countries, with different currencies and the SEC requires that the money earned is to be converted to dollars. Thus, if the US dollar was to appreciate or depreciate vs foreign currencies, it can severely impact the company’s financial results.
- Their different segments experience seasonality. Fewer listings after Christmas, and other holidays results in weaker demand in the first quarter. However, year-end shopping can cause stronger demand in the fourth quarter. The seasonality causes large fluctuations in revenues and profits and makes the forecasting difficult.
- Price to book is 52.72 vs industry average of 6.47.
- 98.05% institutional ownership
- $940m Short Interest
NeroTree Capital rates MercadoLibre Inc as a SELL with a price target of $300 over the next 52w.
New technical analysis indicator coming up!!! :)I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support.
What do you think about it?
MELI IS IN HEAD AND SHOULDERSHeads up. MELI Online E-commerce superstar out of South America is potentially forming a head and shoulders formation on could be an opportunity for some great trading in the next 3-6months on this fast mover.
Discounted Cash Flow Model produces a valuation of $440 using historical growth and margins in forecasting method - around 32% revenue growth. This implies a 27.53% upside. If the model proves correct, the price will correct to its upper trendline at LT resistance.
Relative Pricing model to competitors (AMZN, EBAY, FB, SHOP, TCEHY, and BABA) produces a weighted average share price of $385 or +11.84% upside. If the model proves accurate the price will move to the LT resistance trend line or steadily appreciate relative to its peers.
If the stock corrects below the neckline of the H+S, it will correct to LT support at which would be a solid time to add to your position due to the LT growth prospects of the firm. This will likely be caused by macro risk at which time you should reassess the position to add or exit.
Cheers and good luck!
OVERBOUGHT W DECLINING RSITOPPY..overbought w declining rsi..recent gap to fill..will be watching how it acts when it gets there.
$MELI Has a $250.00 price targetShares 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 upside from yesterday’s close.
MELI - New Short trade from $149.73 to $91.13We 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-
www.youtube.com
Time Span- 8:10"
Trade Status: Pending
MELI- Long term Short at break of $159 to $90 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
MELI (Daily). Cup and Handle.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.
$MELI Bull Flag Entry. Moved outside downward channel.Bull Flag Entry. Moved outside downward channel.
Window slammed shut - watch your fingersWatching the huge pivot around 90. Could stabilize above there. We'll know soon enough.
