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.
Key facts today
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
MELI eyes on $1965: Golden Genesis arbiter of the earnings Dump MELI earnings report caused a serious dip.
Recovery bounce is now at a critical level.
What happens here could start a new trend.
$1965.66 is the exact level of Golden Genesis
$2022.23 is a Covid fib above is a backstop.
$1906.44 is a Covid fib below and some support.
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New position MELI (long term account)MELI I have been watching for a long time. This dip is a great opportunity, the stock was testing a long-term channel breakout, now it falls to the median. Their earnings are heavily misunderstood. I believe they purposefully kept EPS down to invest in their long term payments business, they needed
MELI Put Option - C Wave
MELI reached B wave target. Potential 20% drop in next 4-6 weeks. Buying put options to capture the C -wave drop.
MercadoLibre (MELI): A Powerhouse in Latin America! MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth.
📈 Key Highlights:
Economic Recovery in Argentina driving e-commerc
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Displays a symbol's price movements over previous years to identify recurring trends.