MELI LR AnalysisStrong linear regression uptrend, 0.86. Alligator can be observed to be 'eating' meaning price is moving more often rather than being stagnant.
MELI
$MELINASDAQ:MELI una bestia, enorme. Hoy subió 3% mientras el resto de los ADR argentinos cerraron en baja (algunos se hicieron pedazos). Está en máximos históricos por lo que se hace un poco dificil definir hacia donde irá. En lo que podemos definir con extensión de Fibonacci, ya estaríamos llegando al 2 que se encuentra en 654. Esta puede ser una posible resistencia. Hacia abajo vemos varias cosas, apertura en límite superior del canal de Keltner, canal alcista formado a partir del 26/12/2018, rebote del MACD que indicaría una continuación de suba. Por otro lado, RSI se acerca a la zona de sobrecompra, si pasa los 70 deberíamos empezar a tener un poco de cautela teniendo en cuenta la resistencia de la extensión de Fibonacci que en combinación con el RSI podría generar un retroceso hacia la zona de los 610, soporte que veo clave por ser una línea de Fibonacci de 1,786
MELI: Trading Range Technical Pattern Reveals Large LotsThe outline in red shows the trading range pattern for MELI stock on the daily time frame. The highs of this range are remarkably level for a trading range. The extreme low rebound is lower than prior range lows. The compression of price before the gap up is a particularly important pattern to watch for in a trading range market condition, to anticipate a breakout. Use volume oscillators along with candlestick patterns to identify the underlying hidden large lot activity.
[MELI] phase 3With the incredible increase in the price of this week, we considered that phase 3 is not over.
In this case, take advantage of sell and don't buy, just if the price break the resistant.
Another stock ready to run - MELIGetting long this week. This chart looks better than any crypto chart I've seen. Why focus entirely on crypto while another asset class has a better risk reward proposition? Keep the emotions out of the game.
Buy the dip in MeliThis stock is a beast and the future is looking bright. However the stock is overstretched atm. When this dips i'm buying the dip.
MELI IS IN HEAD AND SHOULDERSHeads 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 implies a 27.53% upside. If the model proves correct, the price will correct to its upper trendline at LT resistance.
Relative Pricing model to competitors (AMZN, EBAY, FB, SHOP, TCEHY, and BABA) produces a weighted average share price of $385 or +11.84% upside. If the model proves accurate the price will move to the LT resistance trend line or steadily appreciate relative to its peers.
If the stock corrects below the neckline of the H+S, it will correct to LT support at which would be a solid time to add to your position due to the LT growth prospects of the firm. This will likely be caused by macro risk at which time you should reassess the position to add or exit.
Cheers and good luck!
MELI - New Short trade from $149.73 to $91.13We 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
