STAIRSTEP Consolidation for next leg up.Momentum continues, with new highs and a catalyst of license in Mexico; with positive news and continuation patterns, we could see another breakout in formation.
Key facts today
Buy MercadoLibreShort Term Trading Advice by Naranj Capital
Buy MercadoLibre
● Buy Range- 2000 - 2030
● Target- 2120 - 2150
● StopLoss- 1950
● Potential Return- 5-6%
● Duration- 12-14 Trading Days
Mercado Libre | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General
Ready for a breakout?With this heavy pullback in the market, MELI is holding like a real leader stock
Meli remains in rangeI have been looking at a long term entry on MELI for a while. This is for the long-term never sell fidelity portfolio. With Amazon strength I expect Meli to push this median here. I'd love a rejection to the bottom the channel but I expect this channel to break to the upside in the coming months. I
5/2/24 - $meli - ex post dip buying or chasing higher ex post5/2/24 - vrockstar - tough setup b/c the trends look mediocre at best (esp recent ones). long term compounder w/ awesome moat growth at 4x revenue and 2y fwd PE in the high 20s isn't "expensive" for this type of 30-40% cagr. however, any miss/ investment issues here will dramatically reset the # and
Meli might be great trade up from here.The trend is clearly up now, we have gained the very support that was lost and made us the low.
I might be still wrong since it is a very risky trade up here.
if we close the bellow 1240$ the idea gets destroyed.
This is how I average down Assuming your capital base is 10x and this is how I would buy this company in stages.
You would see that at 1st buying opportunity, I am just taking a small position. One can never be too sure that it would come to the ideal price you want. I wish I can predict the market each and every time but I
MercadoLibre ($MELI): A Deep Dive into Q4 EarningsIn the dynamic landscape of Latin American e-commerce, MercadoLibre ( NASDAQ:MELI ) has emerged as a towering figure, often dubbed as the "Amazon of Latin America." However, its recent fourth-quarter earnings report unveils a tale of resilience amidst tax obstacles and growth challenges. Let's delve
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