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MELI: Downtrend to Continue?MELI - Short Term - We look to Sell at 1290.00 (stop at 1392.00) Posted a Double Top formation. Closed below the 20-day EMA. Trading volume is increasing. Our overall sentiment remains bearish looking for lower levels. Further downside is expected and we prefer to set shorts in early trade. Our profit targets will be 959.00 and 763.00 Resistance: 1300.00 / 1709.00 / 1970.00 Support: 972.00 / 755.00 / 630.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:MELIShort
by Saxo
MercadoLibre: Selling a retest of a double topMercadoLibre - Short Term - We look to Sell at 1262.00 (stop at 1345.00) Posted a Double Top formation. Previous support, now becomes resistance at 1261.00. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1261.00, resulting in improved risk/reward. Our profit targets will be 1037.00 and 763.00 Resistance : 1262.00 / 1709.00 / 1970.00 Support : 972.00 / 755.00 / 630.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:MELIShort
by Saxo
$MELI could be done falling (3/5)Conviction: 3/5 could have another leg down to touch lower channel line (2008) General Thesis could have finished 3 leg down correction Weekly RSI at oversold levels - historically only touches this level once before bouncing Growth Margins are consistently falling since 2011 revenue growth trending up, new ATH Value P/FCF expensive (negative FCF) P/S below historical average, come down a lot since peak in 2021 Fundamentals & Balance Sheet low debt to asset (<1) good quick ratio (>1) Potential Risks expensive P/FCF data does not contain last recession another leg down to touch trend support?
NASDAQ:MELILong
by asdf098
MELI : Multiple back to Historical LowHere is one thing to confirm that Nov~Dec 2021 Mr.Market doesn't like Tech Stock and tries to compress multiple back to where it was before Covid Pandemic. In some cases, Company's Revenue scale grew up more than double during 2020~2021 but the price was pulled back to early 2020. It means multiple was dramatically compressed recently. This stock stay in the market for 20y ( founded in 1999, the same year as Alibaba was founded ) It is one of 40 baggers stock during 2000~2020. It has been proven fundamental is very strong and competitive. You see revenue, customers, GMV, TPV, and other metrics continuously growing. Ignore the price action! Keep calm and stay Long for Long term
NASDAQ:MELILong
by gmhfund
MELI | Breakout or Bounce?MELI, Breakout or bounce? Today we will take a look at the Latin American e-commerce platform "Mercado Libre." Currently, the price is on a relevant level to pay attention to; it's a zone where we have a support level and the cloned trendline of the current correction. As this is a major zone, we can start thinking about the bullish or bearish resolution from here. IF the price breaks the current zone, the next support level is likely to be the bearish target of the movement, around 970. However, if the price can bounce from here, we can expect a bullish movement towards the descending trendline at 1550. I want to see the price breaking the descending trendline (yellow) to consider bullish opportunities. EXAMPLE Thanks for reading! Feel free to add your view and charts in the comments.
NASDAQ:MELI
by ThinkingAntsOk
1
$MELI has been "rag-dolled"Selling pressure has been phenomenal from November 15th and fairly strong from the recent high of $1970 late August. Short-term movements are unpredictable, so consider this stock a better investment than a trade at this time. Broader market showing weakness ... and I anticipate increased volatility in $NDX. Might have a strong buy opportunity immediately before the debt ceiling showdown in Senate ('political theater and shenanigans) around Dec 10th to 15th? Watch $NDX levels. I drew an arbitrary blue line at $1280 just because I thought it fit well there. It doesn't mean diddly. Spreadsheet insert is my attempt to track the short-term impact of recent secondary offering ... don't rely on my numbers.
NASDAQ:MELILong
by goledger
2
$MELI Mercado Libre ...The secondary was approximately 2% dilutive in number of shares. But the market has assessed a 12.5% share price reduction, and appears to still be searching for a new level, perhaps lower. Cautiously optimistic that most of the selling related to this equity offering will abate by Friday this week. But not sure we aren't experiencing broader selling in anticipation of a pending change in Fed monetary policy. Worse outcome next few weeks would be for $MELI to announce an acquisition. Best outcome is they use the proceeds to finance the Mercado Pago side of the business and the credit card receivables. I'm long $MELI. Have added shares this week and rolled options to lower strike prices and longer dates. Starting to have concerns about the broader market valuation.
NASDAQ:MELILong
by goledger
3
MELI Long Opportunity after the correction Mercadolibre is still correcting although drawing closer to a zone I expect a bounce/reaction. Since Sept 2020 MELI has been trading inside a ascending channel and printed a fresh ATH in Jan 21. I anticipate a move down to the bottom of the channel with the following confluences 200EMA, .618 fib pull from bottom of the channel to the last swing high and the point of control *POC as drawn on the chart. ALways know your invalidation and use a SL ..Like Share and follow for regular setups and analysis
NASDAQ:MELILong
by SJTRADESFUTURES