Exploring MELI applying Elliott waves. I see MELI bullish to the next month.
After September 1st of 2005, YPF began a down way with very less interruptions. Today, Oil is not the "vedette" of transport, specially to the future. Will we watching the final of the company very soon or maybe, some process of management could change its destiny?
I'm confused but , I believe BTC decides shortly. Now is over the 0,382 de Fibo and going to 0,236. If BTC can to break the level, them It will go directly to 5th Elliot wave to 70.000 Usd. But, the other hypothesis is BTC will not break the level of 0,236 and going down to 0,5 of Fibo. How do you think about?
AAPL was doing a short down route, relaxing indicators to recover strength. No changes on wave up. Objective in USD 165 still alive.
AUY without strength. I see a short jump on the short but without big objectives. The economy is going to move faster and Crypto pressures dollar and raw materials at same time. Objective? USD 5 in the short time but without stability.
The stock is doing a strong retracement to the 0,618 Fibo. It seems to recognize USD 1400. On the short, the stock could down more to USD 1200, or going up to USD 2000. I think, it depends Fundamental indicators that It looks good, specially to the long term. My consideration, It's a good time for buy and hold.
Apple is beginning to run again. Down to EMA 200, now is arising slowly but with consistence. Maybe, with TSLA and MELI, They're walking together. First objective 1,618 FIBO (USD 161).
It seems to be a little group where TSLA and MELI are inside in. The first objective is in 1,618 FIBO (USD 1123).
It could be bullish shortly. With principal objective at 1,618 Fibo (US 2400).
Today MELI has done a little throw back to 0,618 Fibo, recognizing the 20 wma. The stock don't seem bearish, not only for technical indicators like wmas, Fibo or MACD, than fundamentals, like earnings of the last year, or it's closely future at Brasil and at Mexico.
MERCADO LIBRE is an logistic and international market place. The pandemic year and the confrontation with Argentinian government were special to its development. MELI has begun a big territorial growth along Latinoamérica. Brazil and México are the objectives. Will Galperín gain mexican market, specially against Amazon and Ebay?
Closing the gap between 254 to 264 very quickly. The route is open and, not only by technical indicators but for fundamentals, BABA is bullish on the short.
Actually in 52,11, moving up but weakly. Still 20% to the first resistance though putting on concave. To watch carefully.
Apple should be "bearish" a few days before Earnings. I think It could be a good selling time to buy back at low prices.
Watching graph of 5 years, the stock was bearish from $106 to $69. However, last year Capex SA. has experimented some bullish movement together the oil price. Both trends may hit very soon in a few days, eventually one or two months at most.
BTC seems doing a pull back to the previous channel looking strength to think in new objectives near of 40.000 US. I think BTC should visit the 31.500/ 32.000 before to jump again.
Spectacular bullish Tsla, waiting for a cut to the 480/500 area to enter. It still has a journey.
After the 12345 wave executed in times of Covid-19, there is a sort of triangle and the stock seems to define in a few days. Everything would indicate a new rally to 140 usd.