I've had $MELI on my WL for I guess a few weeks now, just because the dip looks healthy - something you can definitely see coming. Decided to use a comparison just because the MA strategy I use is complicated, but more reliable (to me) than charting a neo wave & making an entry right before price makes an impulse move. Takes the waiting/chasing price out of a...
Short from $402.50. Could see some more buying in the near future - this is a long term play.
- Due to increase in investment towards free shipping and loyalty programmes, chargebacks marketing as well as higher maintenance posting and fraud prevention cost, margins are currently under pressure.
- Free shipping and loyalty programmes are currently at their...
I'm working on a new technical analysis indicator that identifies candlestick patterns through an AI algorithm. Today it spotted an outside reversal candle on #MELI right at a very important support.
What do you think about it?
Heads up. MELI Online E-commerce superstar out of South America is potentially forming a head and shoulders formation on could be an opportunity for some great trading in the next 3-6months on this fast mover.
Discounted Cash Flow Model produces a valuation of $440 using historical growth and margins in forecasting method - around 32% revenue growth. This...
Shares of MercadoLibre (NASDAQ:MELI) hit an another all-time high last week, and there’s another Wall Street pro who thinks the dot-com darling is going even higher.Barclays analyst Deepak Mathivanan initiated coverage of MercadoLibre with an overweight rating after Tuesday’s market close. He’s setting a $250 price target on the stock, translating into 18% of...
We are looking for a new trade setup in MELI. Please check below.
Trade Criteria
Entry Target Criteria- Break of $149.73
Exit Target Criteria- $91.13
Stop Loss Criteria- $161.63
You can check detailed analysis on MELI in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 8:10"
Trade Status: Pending
Date First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel,
Entry Target Criteria- break below $159.00 (hit November 15, 2016)
Exit Target Criteria- $90.00
Stop Loss Criteria- $177.63
Indicator Notes- big drop in Twiggs Money Flow
Special Note- we would consider March $170 Puts @ $11.50 or March $165 Puts @ $18.30
1.5 Year Cup and Handle pattern.
Uptrend rising to the pattern, Wolfe Wave topping formation, 1-4 Line,
OBV steady uptrend accumulation from base, Elliot Wave 5, Handle formation and break_out. RSI overbought,
Retest (38.2%-50% retracement) and Long opportunity, 200 measured target.
