MLB1 trade ideas
Meli possible Breakout Cup and handleGot 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
Smart to add for long hold here?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 inspiration.
Regards.
MELI - ELLIOTT 5/3/5Hourly analysis. We sould be completing the 5th impulse within the hour fractal with a $1780 objective ( Ia m very new to this)
Mercado Libre (MELI) could be close to start an impulse waveAssuming that the wave count is correct, Mercado Libre could be close to completing a corrective wave to start the fifth wave of impulse, which could send the price to the range of 2,500-2,700 and high at $ 3,000 in the fall of this year.
It is currently at $1,400, the $1,200 is a key support level, more than that I doubt it will go down, if it does touch them, it could be used to buy more.
Both the awesome oscillator and squeeze momentum are at the oversold point and have previously served as good entry signals. For its part, although the money flow index is close to 50 points, it still has room to rise after the low of March 8.
Therefore, if the indicators and the count do not fail, we should expect a next rally in this stock.
NASDAQ:MELI
MELI, over the 0,618 Fibo Retracement. The stock is doing a strong retracement to the 0,618 Fibo. It seems to recognize USD 1400. On the short, the stock could down more to USD 1200, or going up to USD 2000. I think, it depends Fundamental indicators that It looks good, specially to the long term. My consideration, It's a good time for buy and hold.
MELI 🌦Once again no indictors just a simple formula: impulse correction impulse correction. The orange/reddish correction inside the yellow correction is called a fractal.
***This does not constitute investment advice.***
💡$MELI🛒 Mecardolibre at key levels💰+25%🏌️♂️NASDAQ:MELI 📚MELI stock has just completed a full 0.618 Fibonacci retracement from its September lows of $960 and highs of $2000. Should price print a nice green candle of $1569, price may continue higher to $1923.
MELI, recognizing the WM21.It could be bullish shortly. With principal objective at 1,618 Fibo (US 2400).
MELI is what big INVESTORS buy!As the portfolio of the biggest hedge funds, MELI is going popular among some of them.
Here I have analyzes the chart with Trend lines, Fibonacci and clusters, As you can see the red circle is a good entry point if the bearish trend line breaks.
Touched 50 SMA. Enter zone 1770-1700. Wave 3 consolidation.Currently at Wave 3 consolidation A-B-C. Touched 50 SMA support. Might dip to Fib .38 at $1703.
First level of support at $1770. If cannot hold, will further to Fib .38 Level. Great entry zone for long term.
MELI, bullishToday MELI has done a little throw back to 0,618 Fibo, recognizing the 20 wma. The stock don't seem bearish, not only for technical indicators like wmas, Fibo or MACD, than fundamentals, like earnings of the last year, or it's closely future at Brasil and at Mexico.
$MELIEntry price : 1942.61
Fundamentals :
- Sector: Internet Retail
- EPS % Chg (Last Qtr): 109%
- EPS % Chg (Previous Qtr): 257%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 85%
- Sales % Chg (Previous Qtr): 61%
- 3-Year Sales Growth Rate: 42%
- Annual Pre -Tax Margin: -0.4%
MELI. Again for the 2000?MERCADO LIBRE is an logistic and international market place. The pandemic year and the confrontation with Argentinian government were special to its development. MELI has begun a big territorial growth along Latinoamérica. Brazil and México are the objectives. Will Galperín gain mexican market, specially against Amazon and Ebay?
Meli update....Break outBroke above its channel divider which will now act as strong support.. 2300$ is the target/channel top... The moves this stock makes reminds me of Amazon last summer. Motley fools endorsement does wonders
Meli channel trade , Possible breakoutRedline (split Channel)
White lines ( Weekly channel)
yellow line (Down trend breakout)
Green lines - 1670 is support/1724 is breakout conformation/1874 first target
Meli jumped huge Friday on news of its debt offering..
