almost at target had a few grey days but back on trackStill optimistic that this will go higher and obtain the target we set, as the indicators have repeatedly shown us that this is rising after a correction. Basic 101
Key facts today
MERCADOLIBRE ($MELI) SOARS IN Q4—E-COMMERCE & FINTECH SHINE MERCADOLIBRE ( NASDAQ:MELI ) SOARS IN Q4—E-COMMERCE & FINTECH SHINE
(1/9)
Good evening, Tradingview! MercadoLibre ( NASDAQ:MELI ) is sizzling—Q4 revenue up 37%, a $ 6.1B haul 📈🔥. Fintech and e-commerce fuel a 33% surge—let’s unpack this Latin dynamo! 🚀
(2/9) – REVENUE RUSH
• Q4 Take: $ 6.1B—37
Will MELI repeat its historic pattern ?The price action pattern in MELI since 2022 shows that whenever the stock has touched its green trendline and pushed to cross above the EMA line, the price action has typically led to approximately a 40% increase. In some instances, there was first a 20% increase followed by a correction, before con
Will MELI repeat its historic pattern again?MELI has normally gained above 20% on an average whenever it has touched EMA50 and trendline. The recent price action and quarterly result may trigger touch all time high.
MercadoLibre Reversal from a downtrend to an uptrend, another BOS, buy signal on weekly data from MACD and Stoch.
1675 is a crcial area with previous volume and volatilityAfter the bounce into buy territory, sales haven't reset entirely, and we anticipate a further drop in the region of 1650-1700.
2 years channel and 200 DMAMercado libre have been in Uptrend for the last 30 months. It is close to the channel trend and the 200DMA.
MercadoLibre setting up for good buy opportunityHello,
MercadoLibre, Inc. engages in the development of an online commerce platform with a focus on e-commerce and related services. It operates through the following geographical segments: Brazil, Argentina, Mexico, and Other Countries.
TECHNICAL ANALYSIS- Checklist
1. Structure drawing (Trend
MELI - Elliot 'C' Wave EntryMELI has hit its Elliot 'b' wave target. Entered short today with a stop loss of $2200. Will cover short on 'c' wave completion around $1500.
11.21.2024 BULLISH MELIBullish 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
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Displays a symbol's price movements over previous years to identify recurring trends.