It has had a vert nice run up off its lows, and it's RSI has now reached 70, where every time before on the daily time frame this signaled a big trend change in direction to the downside. 70 being the oversold area supports the idea of shorting or put options. Along with the formation of the bearish continuation triangle being right at its double top form where it...
Looking to see if $MELI will give me addon opportunity in the next couple days. Orange bars would be ideal price action for a low risk addon.
Like you can see the Graph. MELI has a good fundamentals from the last Earnings and Revenue. One the F. Volume profile levels reach the 61,8% of the Fibonacci Retracement. So It's time to wait if the POC moves to that area and make things more interesting. The other Escenario is Wait for a Breakout. I think both Ideas are good if the Ocillator goes in a red wave...
Pretty clean chart! Broke out from the pennant, consolidated, now its time to expansion higher? Watch $1100 level break for a possible move towards $1300 No break, No trade.
Currently Meli stock on bullish uptrend . MA 150, MA 200 sloping up currently. Weekly Candle break out from consolidation triangle. Weekly Candle pattern with Bullish Momentum Red bar appearing Smart MCDX indicating smart money from Institution start to trickle in . RSI above 50 indicating price with strong momentum towards upside.
There are several factors that are aligning in MELI's favour for sustainable recovery in the near future (minor pullbacks not withstanding): 1. Since hitting the low in June2022, it began to whip saw sideways within an ascending triangle pattern. This is a possible reversal pattern when formed after a downtrend. 2. A golden cross on 22 Dec2022: another signal...
MercadoLibre Inc Long Entry at 1082.92 Take Profit 1 at 1179.50 (8.92% profit from entry) Take Profit 2 at 1331.57 (22.96% profit from entry) Stop loss at 1010.31
MELI is like a hydrid between Shopify and Amazon on the South American markets Fundarmentally its revenue compared to market cap is more favorable than either of those. On the weekly chart, MELI double topped to its historical high in February 2021 and September 2021. It then descended to a pivot bottom in July 22 The chart now shows a large green engulfing...
For Mercado Libre (MELI), do we continue with the bearish scenario? We see a clear example of the Market Maker Sell Model (MMSM), if this is fulfilled, the Bullish Order Block of the 1-Month period, would be the ideal one to look for upward scenarios or at least think about bullish configurations. Concept: The Inner Circle Trader (ICT).
Price is close to the support line. Price is below the .618 of the trend up and above the .786 since the COVID low/ATH 2020/ATL 7.91 It appears a bad day or 2 could break support levels as there are a few more not far below the 1st support level. Price is sitting on top of an aging rectangle. Prior gap up and support at bottom of this gap did not hold. EPS...
Hello dear Traders, Here is my idea for #MELI Price closed below yellow line (previous month low) Targets marked in the chart (green lines) Invalidation level marked with red line Good luck! ❤️Please feel free to ask any question in comments. I will try to answer all! Thank you. Please, support my work with like, thank you!❤️
Provided is MELI HEAVY support and resistance Levels.
Earnings day...Opening up below trend support today.. My target is 799$ or fib support. If it closes below that we're headed to 700 Stop loss 855
The PEAD projected a Bullish outlook for $MELI after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
possible hard intermediate C wave down toward 562 as support level 1 & 236 as support level 2
Earnings beat and I am not sure if the numbers were soft. I just see there was a positive reaction. I have noticed that analysts are setting targets lower, sometimes much lower than last quarter. (NVDA was set to beat 1.52 last quarter. This quarter the number is .52) So it appears they are lowering targets for some, but not all, to allow for a beat. But in...