MELI is SHOP - SHOP is MELIDoes this follow SHOP and break out to ATH's? Target $722
This is accredited to an amazing trader.
MELI/N trade ideas
MELI - Long - Bull flag forming :Target $678If the bull flag breakout happens with decent volume then the price may hit $678.
Mercadolibre Inc holds to much Risk into earnings
Indicators are already quite bearish
Valuation of the company is crazy.
Momentum stocks usually end with momentum going the wrong way.
Levels to watch for a downside move on the chart
MELI LR AnalysisStrong linear regression uptrend, 0.86. Alligator can be observed to be 'eating' meaning price is moving more often rather than being stagnant.
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.
Maybe time to ring the register in Mercadolibre IncStock is approaching major resistance levels, the Fibonacci golden pocket and horizontal resistance levels, it is losing momentum also.
Recovery from the lows bullish but needs a rest.
Meli 364/349 may be?lets see if there is a volume breakout on this
there is definitely a divergence i see
Meli trade setup for tomorrow Entry level $586.91 = Target price $ 311.34 = Stop loss $ 574.18
Not a big fan of the fundamental and the valuation in particular but it is bullish technically and any intraday dips are bought up fast.
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 at critical support, very good candidate to watchIf support holds, might bounce back, else will continue to drop, let the dust settle tomorrow is going to be better day !
$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.
$MELIPotencial cuña de resolución alcista contra el 38,2% de todo el swing alcista de 2019.
Presenta divergencias alcistas en indicadores MACD y RSI de clase A.
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.
