Bullish trade for the long-term portion of the portfolio.
MELI is Latin American ecommerce market, and currently only 15% of commerce in Latin America is conducted online.
Entry price 1950, target is 2100 to close the overhead SIBI (Sellside Imbalance Buyside Inefficiency)
After earnings gap down may be a knee jerk reaction to an otherwise solidly performing company.
2% risk
Entry 1950
Stop 1900
Target 2100
MELI is Latin American ecommerce market, and currently only 15% of commerce in Latin America is conducted online.
Entry price 1950, target is 2100 to close the overhead SIBI (Sellside Imbalance Buyside Inefficiency)
After earnings gap down may be a knee jerk reaction to an otherwise solidly performing company.
2% risk
Entry 1950
Stop 1900
Target 2100
Trade closed: target reached
Trade closed, target profit hit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.