MercadoLibre Inc. (NASDAQ:MELI)

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  • bigreek42: $meli bounce off 8 day
  • scottrades: $MELI testing yesterday's high.
  • StockMarketMentor: ...
    $MELI Watch for a move over yesterday's high.

    $EGO Watch 18.15

    $SA Watch 18

    $MSTR Watch 142

    ------

    Let’s have a great day!

    Scott McGregor

    @scottrades on X

  • scottrades: My notes: $SPY FOMC Tomorrow $QQQ FOMC Tomorrow $IWM Did I mention FOMC Tomorrow? $DXY Holding 100 $TNX Watch tomorrow $TLT Still trending $GLD Coming back to support $XHB New highs $XBI Watch 102.60 $IBIT Bitcoin is above 60K $NVDA Near the 50 Day $MSFT Needs a base $TSLA 235 Resistance $META Watch 544 $MELI Watch for a move over 2112 $V New high $ANET Closed under the pivot $CWAN Watch 25 $AXON watch 387 $FTNT Watch 77 $NOW Working $IOT Holding the 8EMA. Watch 47.90 $PLTR Watch for a Pullback to the 8EMA $TGTX On Dan’s ATL $TOL In trend $PHM Working $MSTR Needs to get above the 50 Day $SAVA Basis 31.75 Stop: 28.30
  • StockMarketMentor: ...
    Keep an eye on gold as it continues to base. I've been watching the 234 breakout level. $GLD's short-term support is around the 21 EMA. I mentioned $AEM, $AGI, and $SA on Tuesday in the gold mining sector. Also, watch $WPM and $EGO if you're interes ...
  • bigreek42: $meli boom
  • scottrades: @bigreek42 $meli Looks buyable here
  • Amisure: @scottrades $meli - maybe but ? to far above 50dma
  • bigreek42: @scottrades $meli yeah nice sideways action past several weeks
  • scottrades: @Amisure $meli It hasn't been near the 50 Day since August 5 but it has used the 21 EMA as support in the near term.
  • Cjauger: $MELI looking good into the close.
  • bigreek42: @Cjauger $MELI heading to the moon
  • Cjauger: @bigreek42 $MELI I like that it was not impacted by red bars, same as $NU
  • Cjauger: @scottrades Thanks for pointing out $MELI
  • Cjauger: @scottrades Got half a position in $MELI
  • bigreek42: @Cjauger $MELI $NU yes and closing at HOD open skies above
  • scottrades: My notes: $SPY Change happens fast $QQQ Working but coming up to resistance $IWM Just under the 50 Day $DXY Back under the MAs $TNX Trending down $TLT Holding the 8EMA $GLD Breaking out $GDX Great volume $XHB Above the MAs $XBI Holding the 50 Day $IBIT Lagging $NVDA Back above the 50 $MSFT Above the 50 Day $TSLA Sitting on the 50 Day $META Back above the MAs $ANET is close to a breakout $FRPT Dan updated the stop $MELI Breaking out $EBAY New Weekly High $APP Breaking out $DOCS Breaking Higher $PHM Watch 136.50 $TOL Support at 135 $AEM Mentioned Tuesday $AGI Mentioned Tuesday $SA Mentioned Tuesday $WPM Watch 62.70 $MSTR Watch this if BTC gets going.
  • StockMarketMentor: ...
    $MELI Mentioned in the webinar yesterday. Watch 2048
    $CAVA Holding the 8EMA. Watch for continuation above 122
    $DUOL Low volume break above a short base.
    $AEM Watch 80.20
    $IOT Breaking out. Watch for a Pullback buy.

    Let’s have a great ...
  • scottrades: My notes: $SPY CPI Tomorrow $QQQ CPI Tomorrow $IWM Did I mention CPI tomorrow? $DXY Support at 100 $TNX Fresh lows today $TLT Fresh highs $SMH Holding the 200 Day $XBI Holding the 50 Day $XLY Watch 188.30 $XLK Support at the 200 Day $GLD Watch 234 $NVDA 100 is Support $MSFT 400 is a higher low $META 50 Day Support $DOCS Watch 37.25 $PLTR Watch for a PB $IOT Watch for a PB $PHM Swing support at 125 $TOL Holding the 21 EMA $AEM Support at the 50 $AGI Channel $SA On the 50 Day $MELI Flag $MSTR Just under the 50 Day $WULF Just under the 50 Day
  • bigreek42: $meli acting well again
  • scottrades: $MELI Nice mover today
  • traderbren: @scottrades $MELI - yep, gotta luv how it walked up the 8ema and kept going. Sadly NP.
  • scottrades: $MELI Flagging.
  • Cjauger: @DAN #stocks $MELI
  • bigreek42: $meli HOD
  • joelsg1: $MELI Day 6 bo and starting to waver. Np (unfortunately).
  • jonwest88: $MELI clears former intermediate high, from 2/22/24. and hits a new 52 week high. Nice cup and handle from May and into July
  • traderbren: $MELI - bullish engulfing print today. NP
  • Cjauger: Bought a little $MELI
  • Cjauger: $MELI have half a position now $NET bullish engulfing pattern
  • Cjauger: @traderbren $MELI Thanks for pointing ouyt
  • jonwest88: $MELI bucks the sell off
  • jonwest88: $MELI is jumping, deo gracias largest l.t. position I've owned from $100. GO BABY ..well ya never know if it will gap and crap
  • joelsg1: @joelsg1 $AMZN Not $MELI (up 10% ah) but looks like guides at high end to 30% YoY growth, revs a bit light but margins better than expected and beat eps. Seems overreaction ah, time will tell. Risked about 2% of stock price on spreads, only need 1 in 3 to work to be profitable.
  • jonwest88: $MELI if it stays at this level above 1792 tomorrow it will have taken out its May high and an intermediate W bottom will have given way to a new uptrend. We'll just have to wait and see. Nice jump up $185 a.h's (11%)
  • jonwest88: $MELI MercadoLibre (MELI) reported Q2 net income late Thursday of $10.48 per diluted share, up from $5.16 a year earlier. Analysts polled by Capital IQ expected $8.48. Revenue for the quarter ended June 30 was $5.07 billion, compared with $3.59 billion a year earlier. Analysts expected $4.68 billion..
  • jonwest88: $MELI above all m.a's; positive; good s t buy signal the other day ( w a tight stop) And $OLED exhibits similar patterns 1 day, 5 day, 1mo , 3, 6, ytd, 1,yr but in different industries.
  • jonwest88: $AAPL and $MELI nice
  • cgendro1: $MELI- down 12%2B% post earnings
  • vitoB: @cgendro1 $MELI ....yea brazil plays $MQ $XP not really involved in the global markets higher theme yet
  • jonwest88: @cgendro1 $MELI Great company BUY
  • Boone.ruth: $MELI reporting after hours for anyone interested. Long term hold
  • jonwest88: $MELI pop tonight or schmeissed?
  • Boone.ruth: @phgruver morning all! Taking some Profits on $SOUN Long $MELI $NFLX $ARDX $NVDA $CAVA.
  • Boone.ruth: $MELI. Long term hold but added to on pull back and expecting a run into earnings.
  • Boone.ruth: $MELI $NVDA $SMCI. Taking some partials off the table for grandkid fun days cause lives too short to not!!
  • Boone.ruth: $MELI just my opinion but see this continuing to run into earnings ..long term hold
  • curtis: @BarryC (Good Morning). Looking to add $EXP at 205.12 (8 day) Looking to buy $AMD at 166.88 (8 day) based on $INTC flop Jennifer Grandholm, a fomer terrible Michigan Governor is announcing pause on LNG export additions. Not Polical she says. $LNG long term postion, will be more valuable, limiting supply of exports is good for this. Looking at $MELI , sold most yesterday. Needs a direction. Some issue with selling mercury for mining. :( not a long term issue. Most of my employees in India are on holiday for Republic day. In US just another day.
  • BarryC: @curtis $EXP $AMD $INTC $LNG $MELI Cool...! I personally use a "dumber is better" approach when choosing what to buy. No News, No Opinion, No Emotions. A Chart tells me EVERYTHING I need to know.
  • bigbartabs: @BarryC @curtis $EXP $AMD $INTC $LNG $MELI ... exactly right. We can all have all the news in the world that sounds rosy or poison ivy... but when the chart says yes or no... that's the only indicator we need to make that binary decision... buy or sell. The best of luck...
  • champ: @bigbartabs $EXP $AMD $INTC $LNG $MELI ...On #News... always need to know the #reasons-Why a stock is doing, what it is doing, can't work in the Dark.....because there is always more than a few things that we need to know......like earnings, upgrades and downgrade, for position-sizes .....and also why the Markets are doing what they are doing.......have-to-always-work-#smart...and there is a difference between Smart-money and Dumb-money...and that is Profits.
  • bigbartabs: @champ $EXP $AMD $INTC $LNG $MELI #News #reasons-Why #smart ... when I see a chart turning up or down, I'll look at the news. But that's always secondary for me. Charts reflect all the things that traders are doing, reacting to, and piling in or out of... the herd. The chart always goes the way the herd goes... whatever the herd believes. I've seen a lot of good / logical news that sends charts down... and a lot of bad / illogical news that sends the charts up. Wracking my brain as to why is futile. In the end, the herd is always right... even if their 'wrong'. The chart is never wrong. But it sure can change fast!... which separates the good traders from the not so good ==:O
  • Boone.ruth: @DAN $MELI
  • 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?
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Stock Price $1720.36
Change 3.26%
Volume 717,577

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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