MercadoLibre Inc. (NASDAQ:MELI)

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  • curtis: Market looks like it will be higher on open. I will be trimming some positions that didn't get stopped out yesterday. I think oil is going higher. I have $CVX looking to add at 140 on a dip I have $DVN - I think this get's bought out added $WFRD yesterday (small). Stopped out with a profit: $ARM $ELF New Buys: all small positions. $WFRD $AVGO $ADBE $MELI $META $CRS $WAB underwater $OLLI - like this with consumers feeling inflation pinch. Long Will be adding on pull backs. Long: $BA looking for $320 in 2024/25 China will be buying more aircraft. This will go higher if they don't screw this up again. Looking to Trim: $SN $AMZN
  • curtis: $MELI 1605 is 8 day. Looking for an entry
  • scottrades: $MELI Nice base along the 8EMA
  • joelsg1: @scottrades $MELI Is there a live session today?
  • scottrades: @joelsg1 $MELI Dan is away today. I'm doing a preproduced video.
  • joelsg1: @scottrades $MELI Thought we might see you live!
  • scottrades: @joelsg1 $MELI I'll try and do one, one of these days! Trying to juggle both SMM And CMM today.
  • joelsg1: @scottrades $MELI You da Man!
  • scottrades: $MELI I think you could get some started today.
  • kingtug13: $amzn $aapl $mstr $mara $sn $nvo $meli $msft long, risk on- stops in place... while remembering rule 1; don't lose your dough!
  • scottrades: My notes: $SPY / $QQQ Triple Witching $UUP Fed Walks back comments $TNX Watch for a bounce $IWM Watch for a Gap Fill $DIA Lower High $TLT Holding the 200 Day $SMH Extended $IGV Still in trend $GLD Watch for the PB $GBTC Going sideways $ETHE Going sideways $TSLA Above the slope line $NVDA Above the MAs $AMZN Squeezing $META Tightening up $MSFT Chopping around the 8/21 $MSTR Basing $RIOT Long the 8EMA $CRM Strong and above the gap $MELI Flag $ANET Still going $SN In trend $PDD China stock $ARM Near the ATH $SMCI Looks like Tesla $UBER Short base, choppy at the close
  • scottrades: ...
    $MELI Short base, along the 8EMA
    $STNE In trend but a bit extended.
    $NET New high for the year
    $DKNG Above the MAs and trying to curl up
    $MDB Watch for a PB to the MAs

    Let’s see if the bulls have more left in the tank,

    Scott
  • wineinquirer: @scottrades $GOOGL $MSFT $TSLA $MSTR $RIOT $DT $MNDY $MELI $STNE $NET $DKNG $MDB This is a key time to be cognizant of # positions in one's portfolio. Easy to go "over the cliff" and overtrade! At least that's been my experience and in the past, got burned nearly everytime!! Another mistake learned!!!
  • Boone.ruth: $MELI. Happy that I added to this one over the past months. Taking some Profits
  • Boone.ruth: $MELI. Nice pop pre market
  • shoredriver: $MELI....still shakin "em.....
  • shoredriver: $MELI....shake those maracas mami...
  • Boone.ruth: $MELI. Whats happening?
  • Docoof: @Boone.ruth $MELI Run up into earnings after hours today. That’s my guess.
  • shoredriver: $MELI....shake those maracas mami.....
  • Boone.ruth: $MELI moving higher. Added on pull back last week and adding a little more here
  • jonwest88: $MELI look at the 2 yr chart. This stock has developed a lengthy saucer and handle base, or cup and handle base since Jan 2022. In the past 3 months it has been breaking above its Feb, March, April, and May rising high points.
  • Boone.ruth: @jonwest88 $MELI was there news today?
  • jonwest88: @Boone.ruth $MELI Yes a firm I have never heard of went from neutral to buy with a target of $1625. This is not above or unique to other firm's targets for JP Morgan raised their target from $1700 to $2000 on 8/7, Barclays to $1625 on 8/8, and Goldman Sachs to $2180 on 8/9. Credit Suisse reiterated their target on July 31 @$1660, and in the morning following the previous night's earning release, CS posted a $1680 target.
  • jonwest88: @Boone.ruth mea culpa: $MELI correction Credit Suisse reiterated their target price @ $1760, and the morning following the after hours earnings release they posted a target of $1780.
  • DougL: $DLO - perfect 59min trader - blow out earnings and named co-CEO from $MELI
  • jonwest88: $MELI Don'r cry for me Argentina: Goldman Sachs cries out raising their target price to $2180.
  • Boone.ruth: @jonwest88 $MELI no crying here. Long term hold
  • RW922: @DAN $BKNG $MELI
  • jonwest88: $MELI up another 4 -5 % today. Don't Cry for me Argentina, the truth is I never sold you. $MELI breaks above intra day and closing high from 5/22/23. 52 week high and higher than Jan 2022 also. Last week CS raised their target to $1760. Today JP Morgan raised their target from $1700 to $2000.
  • jonwest88: $MELI phew up and up 50 ( 4.3%) a.hs' Yay long time 10 bagger plus in 4 accounts.
  • Cjauger: $MELI I am in Chile, everyone uses $MELI here, they deliver the same day. Very popular
  • debeers: $MELI-its in the buy zonme according to IBD and so i snagged some. In Cali, as one might expect, a very large proportion of the workers here, who get paid in cash and get Federal benefits as well, are much more comfortable with $MELI than an Amazon.
  • debeers: @debeers $MELI -Geez buy zone. Promise i'll trim my claws.
  • debeers: $MELI price targets JPM to 1700/ Credit Suisse to 1730/ and Barclays to 1576. Considering that the stock is in a buy zone and even the lowest number is as good return........i had been trying to get this one at a reasonable price and im finally satisfied that i did.
  • scottrades: Some earnings to be aware of next week: $AAPL $SOFI $AMD $NCLH $UBER $SHOP $PFE $F $ON $AMC $SQ $CVS $YUM $ANET $QCOM $COIN $DKNG $ALB $CHKP $BP $BUD $DDOG $MRNA $ET $RCL $SEDG $ACMR $SMCI $MELI $GPN $SBUX $CNA $MGM $MAR $WBD $RIG $PK $MPC $FANG $EPD $NVO $PTON $STNG $FUBO $LNG $AMG $CAR $WEC $LYFT $LUMN
  • DAN: $MELI looks like it's breaking out today. (Low volume stock...and high prices -- $1,251/share).
  • Angdionk: @DANS $MELI gapped up decent volume so far holding the gap
  • DAN: Mmight want to keep an eye on $MELI -- Nice squeeze along the 50-day MA.
  • Boone.ruth: @Boone.ruth $CROX $MELI. Took my profits in both. Will treat myself to a good bottle of wine and sleep better tonight!
  • jonwest88: $MELI doing well today, over the past 6 months it has not been making higher lows
  • debeers: $AAPL/$MELI-$MELI files anti-competitive suit against $AAPL in Brazil. (Reuters).
  • scottrades: @jonwest88 $SHOP $MELI Your cost basis was much lower than mine...lol. Nice trade!
  • jonwest88: $MELI one of my LT Favorites gets a confirmed Buy from IBD and it was featured as Stock of The Day.
  • jonwest88: @scottrades $SHOP I saw what you wrote, looked at my positions in $SHOP which go back to adjusted costs of ~$10 a share. For the first time since Jan 22, and late 2021when I took profits @135 and 85 I sold some more today since $SHOP rallied ~75% off its low. I am in no rush to sell another lot from my remaining LT shares, maybe until they rise back to 60 or more. I think they will eventually, and higher still in a few years. Time is not of the essence with these shares for me. Regardless, thanks for the "tip." I'll invest it in something, maybe some more $MELI, or ???
  • jonwest88: $MELI pops above Sept high. Above all m.a.'s.H+S bottom. Above the bb's too. BUT Sellers of tech are Selling Selling Selling Mortimer!
  • jonwest88: $MELI up 8% a.h.'s to 920 but who liked it 4:00:30 @965?
  • Docoof:
  • stairm01: $MELI Blowing it out of the water. NP
  • bud_ozborn: @stairm01 $MELI have shares :) cost around 690
  • Babutters: @bud_ozborn $MELI hell…yes!!!!! That’s awesome!
  • MongosPawn: @bud_ozborn $MELI Congrats!
  • bRobert: $MELI H&S. top. At neckline. daily. Expect a. bounce. FAilure. Short $450/$350. potential.
  • bRobert: $MELI throwback to M top daily $700 vertex 20d just above $550 with failure Resumption $500/$450 potential longer $M short still in motion $17/$10 H&S top WEEKLY in motion $DDS Short well posted Heading to double bottom retest Cover stops lowered WEEKLY breakdown potential can test $125/200w area H&S top measured move
  • bRobert: $MELI. $400 potential with WEEKLY bear flag. failure/trigger. Watching WEEKLY. M top.target acquired. (1300 - 2000. $700. move. < $1300) Daily. M top. $550 with resumption (700 - 850 width) $COST. tiny W. bottom can test $485. area. Keep trade targets realistic. with ceilings Get back above the 50/200d and. doors. open. Still many dead bolts $WMT. testing. 200w/20d. ceiling $130. potential with move. above
  • bRobert: $MELI. I still think this one. will test. $600. below. $500 potential M. top completion. But. not. straight down. Oversold. bounces. /. failure at overhead resistance / resumption
    If it was straight down. it wouldn't be a fair game. ...
  • bRobert: $MELI The value of WEEKLY charts M top 2021 $2000 - $1300 Target 1300 - (2000 - 1300) = $600 potential Trigger < $1300 Also smaller H&S stop $1500 neckline - $2000 top June - Nov $1000 target Two bearish patterns are better than 1 (same for bullish set ups) Stock broke below the 20/50w ceiling in Oct and triggered the H&S top first with a dip < $1500 neckline and acquired the $1000 target It bounced to the 20w and vertex of the M It failed and triggered the M pattern It pulled back to Test 200W $900 area Decent bounce failed under the 50W with lower high and a flag break Bear flag trigger is on route to the $600 M target grand prize There will be room for more downside of course
  • bRobert: $MELI throwback to the $1050 neckline $850 potential with failure and resumption H&S top $SPOT Looking for failed bounce to $120 neckline Bear flag trigger $80 target $ARKK $30 with failed bounce and dip < $50 Covid low $SARK Flag pullback $62 with trigger
  • woodman: @bRobert $LIT $ALB $MELI $MDB - $SLI (lithium) - mentioned yesterday similar action in this one - pullback to breakout level and 200d and bounce. I added to mine yesterday. We'll see....
  • bRobert: $MELI 20d and W top bounce Completion of small M top TRADE $SHOP posted the M top potential $600 potential All those ARKK related had small M tops /H&S tops after large % moves off the floor Looking for failed bounces Short hat on
  • woodman: @bRobert $MELI $SHOP - $SARK ($ARKK inverse) ... or just about any of the inverses we commonly discuss.
  • bRobert: @woodman $MELI $SHOP $SARK $ARKK Watching it Testing ceilings 20/50d Looking for pb bounces in this and related
  • bRobert: @woodman $MELI $SHOP $SARK $ARKK Can't buy if not in already Testing overhead resistance $VIX testing overhead Expecting a bounce soon
  • bRobert: @woodman $MELI $SHOP $SARK $ARKK I took a piece of $MELI TRADE Stop < 20d
  • Docoof: @bRobert $MELI $SHOP I think it would be great if you started an ETF that achieves the inverse of the stocks compelling you to put on your short hat: $SHAT 💩💩💩
  • bRobert: $LIT $ALB 20/50d bounces $MELI took the trade off the 20d bounce and M top completion $20+ Stops up $MDB Planned stalking a pullback close to support 20/50d I posted the blueprint Right shoulder in an Inv H&S base HIGH TARGET POTENTIAL Very $20 bounce Stops raised
  • bRobert: $MELI $1400/$1700/$1900 Just a piece Short for ME LI ke
  • bRobert: $BIDU $220 target AFTER 50/200w ceilings cleared $BABA testing 20W ceiling again Jailed below for a year + $160 50w target AFTER paroled $FXI $41/42 targets $EWZ nh Extended $ARGT same $44 target LONG $MELI 25% of ARGT $MELI $1400 - $1900 targets
  • bRobert: $MELI. $1400/$1700/$1900. Volatile but easier to hold with a SMALL piece W. daily TESTED. $BOOT. Just a piece. Cup&H like $130/$175 potential long term
  • bRobert: $MELI. $1400. next. $1700/$1900. with move above that 200d. ceiling
  • bRobert: $MELI. Lower risk W. top retest a few days ago BOUNCE. W width $900. - $1150. =. $250 move >. $1150 =. $1400. target 1. 200d. ceiling Make a right shoulder pullback there and you have. a nice. INV H&S base. $900. - $1400. $1900. target with trigger >. 200d neckline area. Blueprint for a big. trade. Long partial
  • bRobert: $CMG $1750/$1900+ W with move > $1600 np $MELI W retest $1350/$1700 potential SMALL add on pb bounce Friday Higher long term potential
  • bRobert: $MELI Enter last Friday on pb retest of w top $1400/$1700 $TGI breakout retest $32/$35 $ARCB Bounce off 200d Bottom of range $JBHT WEEKLY/daily Breakout Flag retest 20d bounce $R 20d bounce $92/$125 Long WEEKLY consolidation $TGH WEEKLY consolidation $48/$70 potential with bullish resolution
  • bRobert: $MELI I love pb bounces Up 4% + Above the 20wek to the sunny side $1400 target 1 $1700 /$1900 potential when above the 200d/50w ceiling Long partial
  • bRobert: $MELI looking for pb closer to $1150 $1400 target 1 W
  • bRobert: $MELI I put an order in for a $1150 pullback Test of W top Order filled SMALL
  • bRobert: $MELI move > 20W $1400 target 1 $1900 potential with move > 50w $MRNA $260/$280 potential in motion Reversal cup $BNTX $240 with flag trigger $PFE $60/$75 with trigger $JNJ $195 WEEKLY high base $LABU $22+ with trigger > 50d
  • bRobert: $SAM Higher high and low reversal $450 with trigger > 50d Alert $MELI W going to $1400 200d $1700 potential when cleared Measure it Long small piece
  • CrazyTrain: @bRobert $DDS $COST $WMT $BOOT $MELI $TGT $RTH Yeah, $BOOT at this level, I'm in Thanks
  • bRobert: $MELI top of w $900 - $1150 = $250 MOVE $1400 target 200d ceiling A move above that or 50w measures to $1900 Baby steps $COST $570 target 1 Pullback $670 long term
  • bRobert: $MELI. W. trigger. $1420+ 200d. ceiling $1900. potential with a move. >. 50w SMALL. works. best $XRT. Daily flag. $87 /$90 potential. 200d $BOOT. CUP. $130. potential. $180. with a fresh weekly breakout $WSM. reversal. triggers. >. 200d $200. target $POOL. $580 with flag. /reversal trigger daily $750 POTENTIAL long term with a fresh weekly breakout. Something shorter term and long term $RH. still has a lot of work to do. but I monitor it for. a move. >. 50d. 200w. bounce. High potential long term after rehab and easier sledding
  • bRobert: @Lou $DDS I. see more than a glimmer of bullishness in the retail space. led by some generals. $COST. Probing nhs $WMT higher highs and lows. $BOOT. $MELI. $TGT. bases $RTH. W. flag can test $195. top of range. $DDS. can walk up to $350/$400 again.
  • bRobert: $MELI $600 target still WEEKLY M top and smaller H&S tops
  • slp20: $MELI $RIVN closed short positions in cash. Have a great weekend!
  • bRobert: $MELI $600 WEEKLY target Big M top Daily H&S top M top $700 interim $M DAily/ WEEKLY H&S S top still in danger of big rollover Daily 20/50d ceiling intact $18 to $10 potential with a little push
  • bRobert: $MELI WATCH for bear flag trigger $BA Short with cover stop $160/$140 $HD Add shorts on filed bounces $300/$270
  • jambaman: @bRobert $MELI $BA $HD Short puts on $HD are saving my account balance right now. Thank you
  • bRobert: $CMG failed bounce Short add $1100/$1000 targets $MELI $800/$600 $CAT bounce FAILED THIS WAS EXPECTED Machinery in the sewer for now $HRI $URI Look for these to turn
  • bRobert: $MELI failure at the 20week $800/$600 potential $M 200d revisited It can go MUCH lower $10 potential H&S top MANY CAUTIONS
  • bRobert: $MELI Failed bounce at the 20W $800/$600 potential WEEKLY M top $XRT $RTH I have been bearish long before the market collapse Look at the WEEKLY H&S top It was in Nov Dec <Many posts Many short trades $XRT 200w target
  • bRobert: $NVDA and other bounce trades Consider partial profits and TIGHTER trailers Close to 200d ceiling I closed out my $TSLA LONG AND SHORT in one day Very unusual trading for ME I made an effort to expand my game this year and build on more active short selling which I started last year with $SAM $SAM $350 target was close today Covered It is looking to complete now Seeing resistance on the throwback $300 longer term potential $MELI downside isn't done Watching $1000 resistance $800/4600 potential
  • bRobert: $MELI Zig zag downward channel $900 target 1 acquired yesterday Short covered Bounce off lower channel and 200d Upper channel around $1000 Looking for failure at top of channel and POTENTIAL for $800/$600 with and trigger
  • bRobert: $MELI Failure was EXPECTED at $1000 area Neckline Short entry on the pop to $996 /pullback Stop just above $1000 H&S top measures to $600 $800 interim
  • bRobert: $MELI. short. Posted last week. $800/$600. targets. Huge. winner. Failed. bounces. to add/enter. Taking. some. off. Will look for. throwback. to $900. area
  • bRobert: $MELI. reports. later. I have. taken. profits. but I may. hold a. small. put. spread. over. earnings $800. target. soon. $600 longer I have. taken good. profits on this. short.
  • bRobert: $HD. covered. rest. Will wait for. failed bounce $MELI. covered. earlier. I have decided to watch and react to earnings. instead of. carrying a put spread. over. Illiquid. options. a factor. along with. good. gains booked.
  • jonwest88: @bRobert $HD $MELI up $100 from its daily low 874 to 974 and rounding down to 960 - 65. Great sales but LOTS of currency loss.
  • bRobert: @jonwest88 $HD $MELI Posted that I. covered my short. from above. and elected to watch and wait for a new lower short entry. should it present itself A potential repeat of my. $M short trade on the. bounce to resistance. No edge over. earnings. but. . defined risk. trades on the reaction to earnings
  • bRobert: $MELI H&S top potential daily and weekly $800/$600 POTENTIAL Watching for lower low $CROX Successful Short Looking for next failed bounce towards the descending 20d $60 200W potential $BOOT could lose another boot $50 potential $LABD 12% move yesterday WEEKLY C&H $80+ potential Pullback/bounces
  • bRobert: $MELI Short in motion Posts with targets Partials Look for failed bounces
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Stock Price $1512.45
Change -0.67%
Volume 163,262

Mercadolibre, Inc., operates an online trading site for the Latin American markets. The Company's website allows businesses and individuals to list items and conduct sales and purchases online.

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