5/2/24 - 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 the multiple... i'm definitely biased long here but would rather...
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.
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 don't and I can't.
So long as the company growth remains robust...
In 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 deeper into the intricacies of MercadoLibre's performance and the...
In our latest newsletter, we delve into the intricate dynamics of the financial markets, leveraging the cutting-edge analytical prowess of our proprietary algorithm, Fink AI. Fink AI meticulously evaluates a myriad of factors including market trends, economic indicators, and corporate financials to forecast market movements. This edition presents a comprehensive...
Introduction
Argentina has not been doing well for some time, holding the second-largest economy in South America, behind only Brazil. It has been suffering from poor policies that have harmed the country's macroeconomy. Not only that, but it seems that all of Latin America has fallen into the hands of progressives, enthusiasts of communist parties, and also...
Nice breakout in NASDAQ:MELI this month so far, quarterly trend confirmed last quarter, and we now get new highs which gives us more confidence on the breakout being a legit trend.
The daily timeframe triggered a new trend signal, which suggests immediate upside from here, which lowers your risk of entering now to join the longer term trends active.
Good spot...
Comments on Quantitative Analysis Sector Comparison
Year-end shopping season is typically the strongest period.
E-commerce and fintech in Latin America one of the fastest growth rates in the world.
Comments on Business
MercadoLibre offers six integrated e-commerce services:
MercadoLibre Marketplace enables merchants and individuals to list...
Weekly chart of MELI
(i) MELI has overcome an important resistance level around 1350.
(ii) Up Channel and MELI is trading near the upper level of the channel.
(iii) Resistance at 1450.
(iv) Above 20/50/100/200 EMAs.
(v) A bullish flag/pennant pattern may form.
MELI is in a good condition to break both the channel from below and resistance of 1450, and...
NASDAQ:MELI shows nice resumption and breakout into upside. Clear on the monthly chart shown.
Likely to March towards its all time high price in the coming months.
I have this trade open since a long ago.
I believe in MELI to go again to the highest price they had again, firmly and steady as their situation keeps on getting better.
I finally placed my stoploss way above my entry level, no TP as this could keep ongoing way long.
MercoLibre’s been sliding for almost two months, but there could be signs of a turn.
The first pattern on today’s chart is the $1095.34 level. It marked the high last summer and was near the low in mid-February. MELI pulled back and bounced at it this week, a potential sign that support is in place.
Second, that level closely matches the 200-day simple moving...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 1217/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Nice breakout from channel.
Up 33% FiFT BoD Signal + 0% MCDX Retailer and Strong MCDX Banker
Next target is around 1280.
1100 as RtS level to exit for profit.
NASDAQ:MELI double inside with a mini coil setup off its 50 MA line, tight on tope of its previous base, with a nice volume pattern.
You wouldn't know growth getting wacked looking at this chart. But ya, could be next lol.
