MELI/N trade ideas
#MELI - 1H - 13.11.2020 / Latin American Amazon. MELI BACKGOUNDS
MercadoLibre (MELI) is an online e-commerce and payments platform. It operates through the following geographical segments: Brazil, Argentina, Mexico, Venezuela, and Other Countries. The company provides users a platform for buying, selling and paying. Born in 1999 and founded by Marcos Galperin, its the largest ecommerce company in Latin America.
- Exponential growth since 2016.
- Boosted by the rise of ecommerce this year due to COVID-19.
- Super Strong Fundamental indicators.
- Amazing revenue over 2019 - 2020 beating all estimates.
Even though MELI is a direct competitor of huge ecommerce companies like Amazon, eBay and Shopify, they operate on a total different market. Quiet similar to Jumia in Africa.
Latin America is a huge market full of opportunities where Amazon left spaces that MELI took advantage of. Now, MELI is standing strong and keeps investing heavily to maintain its dominance. Last week was authorized by Brazil Central Bank to operate as a financial institution.
Although MELI its an Argentinian company, now its focusing on BRAZIL (209 million people market) and MEXICO (120 million people market). It´s Payments platform MercadoPagos, is a Fintech Payment solution that it is getting adopted massively by Latin Americans. It aloud all kind of business B2C to charge without cash or just transfer money between people. It´s e-commerce platform, operates at a 12 transactions per seconds and 80% of the total sales are from Brazil, Argentina and Mexico.
Last quarter revenue jumped to $1.12 billion from $603 million, exceeding analysts' projection of $984.8 million. Unique active users surged 92.2% to 76.1 million, while gross merchandise volume jumped 62.1% to $5.9 billion.
With a 64.792B market capitalization, and huge growth potential, MELI is just on initial stages of its history. This is the kind of share that you might regret on a near future of not buying it earlier.
TECHNICAL ANALYSIS. (1H)
Nothing left to say but MELI is on an uptrend basically since February of 2016.
I particularly like to analyze it on a 1H timeframe to see how respectful this stock is of supports and resistances of this year. We´ve got three supports near current price level. Uptrend + MA200 + Fibonacci 0.618.
I think that we might see a little test on Fibonacci´s 0.618 and then next stop is all time highs. I would be careful and wait this confirmation before go long. Would be wonderful to close next week above Ichimoku´s red cloud.
time to get puts?this is a crazy run up! it should continue up longterm but id look for a test of 600-800 before the years over. dont doubt my vibe ;)
MELI vs AMZN 1 month comparisonMELI is up 29% compared to AMZN 15% the past month. Good luck and happy trading friends...
MELI Breaks UP or DOWN?Here is my chart explaining some tendencies with channels. I think is going up but I open it to the discussion. A tech company selling online products growing fast and even faster in the pandemic. What are your thoughts? For me it seems neutral trying to go bullish after October.
MELIi think this is good to buy on the dip here, if the market cooperates i think we'll be back to all time highs next quarter, pretty good institutional and big money interest, originally backed by JP and Goldman, looks like this is going to be the online market for South America
MELI Bullish Trade Setup (Long on Dips) Updates on MELI long setup, the corrective pullback into first long entry level at 38.2% retracement at 944 and second long entry level at 845 will be our two tier long entries trade plan for MELI. Look to establish Leaps on MELI expiring 2021 with a dip into 944 and 845. Trade execution details on Video Update.
MELI Bullish Trade SetupMELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on Video Update.
MELI Bullish Trade Setup MELI is also on our watchlist for potential long entries with this corrective pullback into wave (C). MELI is an online trading platform similar to AMZN in Latin America. Based on Q2 13F filings, we have about 143 new filers by hedge funds adding to their position. Look for multiple entry at $857 and $757 and Stops at about $650. Leaps Trade Execution details on Video Update.
Mercadolibre - Reversal coming to bullish move.RSI bounce off 30.
Still above MA200.
Moving towards bullish MACD.
Eyes on MELI MELI se está apoyando en el soporte utilizado en las últimas semanas. Con forrest de MACD aumentando post peak, RSI en 30 puntos, casi al margen de sobreventa y volumen decreciendo no acompañando a la baja. En los próximos días MELI podría dar fin a la corrección y volver al alza.
Acompañando a esto, pertenece al sector de E-commerce, aportando a la idea de ser un trade seguro en caso de ir long-term.
Typical trend reversal pattern!Typical lower high& lower low pattern + Breaking the up trend + close below 50 days SMA
mercado libre al borde de la cornisa visión diaria en mercado libre, de perder directriz habrá corrección y probará nuevo piso
$MELI Luego del tremendo balance que metió aproveché la toma de ganancias y entré al papel cuando frenó la baja. Toda agachada en este tipo de empresas la veo como una excelente oportunidad de compra.
