MELI34 trade ideas
MELI - Double TopA double top has led price down a bearish road
I have plotted a Fibonacci trend and .236 shows promise for a recovery due to the large support cluster that can be seen around this area
This will continue the uptrend on a higher timeframes
MELI Base Failure Reset + VCPText book model of a 11.5 week flat base + base failure reset(constructive shakeout) + VCP with 3Contractions and massive volume dry up before the breakout and massive volume on the breakout.
$MELI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MELI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Technical analisys of Mercado Libre (MELI) NASDAQ junio 2022The South American giant of e-commerce and Argentine Fintech Mercado Libre, is still looking for a floor to return to its historical highs.
· In mid-March 2020, this upward trend began, accompanied by a GAP of almost 20%. After results were presented; which were not as expected, but there was a large increase in year-on-year sales.
· This boost would reach $2,020 on January 21, 2021, marking its all-time high.
· Six months later, it would mark its second most decreasing all-time high of $1,970.13 on September 2, 2021, thus generating a double ceiling.
· After its second historical high, a bearish medium-term trend began which would reach $ 877.69 on March 14, 2022, generating a PULLBACK which would bounce to $ 1,275.82 and thus continue to fall to its minimum of 600.68 on June 14, 2022.
· Closed the GAP of May 5, 2020, MELI is expected to break this downward trend since it is at pre-pandemic values with a lot of margin to start rising
· Pending encouraging results and data from the US recession, the LATAM giant is expected to wake up to return to its all-time highs with a PRICE TARGETS of $1,550. From now on thank you very much and I would appreciate comments since it is my first analysis....
El gigante de Sudamérica de e- commerce y Fintech argentino Mercado Libre, sigue buscando un piso para volver a sus máximos históricos.
• A mediados de marzo del 2020 comenzaba esta tendencia alcista, acompañada de un GAP del casi 20%. Luego de que se presentaran resultados; los cuales no fueron los esperados, pero si hubo un gran incremento en las ventas interanuales.
• Este impulso llegaría hasta los 2.020 dólares el día 21 de enero del 2021, marcando así su máximo histórico.
• Seis meses más adelante, marcaria su segundo máximo histórico más decreciente de 1.970,13 dólares el día 2 de septiembre del 2021, generando así un doble techo.
• Luego de su segundo máximo histórico, se dio comienzo a una tendencia de bajista de medio plazo, la cual llegaría a los 877,69 dólares el día 14 de marzo de 2022, generando un PULLBACK el cual rebotaría hasta los 1.275,82 dólares y así continuar bajando hasta su mínimo de 600.68 el día 14 de junio del 2022.
• Cerrado el GAP del 5 de mayo del 2020, se espera que MELI rompa esta tendencia bajista para romper al alza, ya que se encuentra a valores pre pandémicos con mucho margen para empezar a subir
• A la espera de resultados y datos alentadores de la recesión de USA, se espera que el gigante de LATAM despierte para volver a sus máximos históricos con un PRICE TARGETS de 1.550 dólares.
Desde ya muchas gracias y agradecería comentarios dado que
es mi primer análisis.... NASDAQ:MELI
MecardoLibre - when does it end?!MecardoLibre
Medium Term
We look to Sell at 692.89 (stop at 756.88)
Preferred trade is to sell into rallies. The medium term bias remains bearish. A Fibonacci confluence area is located at 438.30. Previous support located at 430.00. There is scope for mild buying at the open but gains should be limited.
Our profit targets will be 444.73 and 372.00
Resistance: 690.00 / 830.00 / 1265.00
Support: 500.00 / 430.00 / 285.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$MELI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $MELI after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.5%.
MELI: Short Setup at Resistance Level MELI - Short Term - We look to Sell at 1175 (stop at 1233)
Preferred trade is to sell into rallies. 20 1week EMA is at 1177. The bias is still for lower levels and we look for any gains to be limited. Previous resistance located at 1150. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 953 and 890
Resistance: 1150 / 1350 / 1450
Support: 1000 / 900 / 750
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MELI: Shooting Star Posted? MELI - Short Term - We look to Sell at 1166.70 (stop at 1241.12)
Preferred trade is to sell into rallies. Closed below the 50-day EMA. Posted a Bearish Shooting Star formation. Previous resistance located at 1150.00. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 974.38 and 914.10
Resistance: 1150.00 / 1350.00 / 1450.00
Support: 1000.00 / 900.00 / 750.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Short MELI CMP $1085.36Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.
Long MercadoLibre - Emerging Market bull run setupthis is a no brainer buy the pullback
huge news today about crypto asset wallet support, but price is down with the rest of the markets
revisit of the $2000 area looks good for next year summer-fall 2022
MELI MountainSo do you believe that Meli is going to drop to the spot (X)? I don't want to see it, but this looks like a double top mountain to me. I have been reading up a little on Meli and like AMZN, BABA... i think that it's worthwhile finding a strategy to get into a long term play that works. In the meantime... I will play a put here and there if I can catch it.
$MELISitting now at 200 EMA. Previously took support around that level.
I will prefer around $700 levels.
Need to wait for some conformation.
Did $MELI just post a double bottom on weekly chartCould easily sell off more, but I opened a $80 March spread on Friday at $35.5 (44%).
Option execution somewhat expensive but I like the risk reward.
Wanted to add risk prior to upcoming earnings releases early February.
Also took long call positions in $OKTA, $NTNX and $GOOGL
MELI SHORTNASDAQ:MELI
Short NASDAQ:MELI
Classic Double Top Paired with bad company fundamentals ie NASDAQ:AMZN is gonna beat them out...
Its simple.... short it... that's all
MELI - The bottom is in?MercadoLibre - Latin Americas biggest Supermarket chain. Was getting battered for a while, but the bottom may have just come in - up almost 6% on the day and clear Divergence visible
Good Luck!
MELI: Downtrend to Continue?MELI - Short Term - We look to Sell at 1290.00 (stop at 1392.00)
Posted a Double Top formation. Closed below the 20-day EMA. Trading volume is increasing. Our overall sentiment remains bearish looking for lower levels. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 959.00 and 763.00
Resistance: 1300.00 / 1709.00 / 1970.00
Support: 972.00 / 755.00 / 630.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MercadoLibre: Selling a retest of a double topMercadoLibre - Short Term - We look to Sell at 1262.00 (stop at 1345.00)
Posted a Double Top formation. Previous support, now becomes resistance at 1261.00. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1261.00, resulting in improved risk/reward.
Our profit targets will be 1037.00 and 763.00
Resistance : 1262.00 / 1709.00 / 1970.00
Support : 972.00 / 755.00 / 630.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$MELI could be done falling (3/5)Conviction: 3/5
could have another leg down to touch lower channel line (2008)
General Thesis
could have finished 3 leg down correction
Weekly RSI at oversold levels - historically only touches this level once before bouncing
Growth
Margins are consistently falling since 2011
revenue growth trending up, new ATH
Value
P/FCF expensive (negative FCF)
P/S below historical average, come down a lot since peak in 2021
Fundamentals & Balance Sheet
low debt to asset (<1)
good quick ratio (>1)
Potential Risks
expensive P/FCF
data does not contain last recession
another leg down to touch trend support?
Meli at 50% of discountDuring the last years Meli was crashing no more than 50%, this crash was the biggest in his history, however for long term this is an asset that I would definitely keep in my portfolio, I think that we will see a range above ema 200 weekly and if S&P doesn´t crash next year Meli could recover ATH, but it could take more than one year.
what do you think?
MercadoLibre Analysis 03.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
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Thank you for watching and I will see you tomorrow!
MELI : Multiple back to Historical LowHere is one thing to confirm that Nov~Dec 2021
Mr.Market doesn't like Tech Stock and tries to compress multiple back to where it was before Covid Pandemic.
In some cases, Company's Revenue scale grew up more than double during 2020~2021 but the price was pulled back to early 2020.
It means multiple was dramatically compressed recently.
This stock stay in the market for 20y ( founded in 1999, the same year as Alibaba was founded )
It is one of 40 baggers stock during 2000~2020.
It has been proven fundamental is very strong and competitive.
You see revenue, customers, GMV, TPV, and other metrics continuously growing.
Ignore the price action!
Keep calm and stay Long for Long term
