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...
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