MELI - (MELI) Trading Report

2024-07-03 02:22:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Mercadolibre Inc. (NASDAQ: MELI) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for MELI change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if MELI is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for MELI too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for MELI

• Buy MELI slightly over 1534.56 target 1709.3 stop loss @ 1530.13
• Short MELI slightly under 1709.3, target 1534.56, stop loss @ 1714.24

Swing Trading Plans for MELI

• Buy MELI slightly over 1606.7, target 1678.48, Stop Loss @ 1602.06
• Short MELI slightly near 1606.7, target 1534.56, Stop Loss @ 1611.34.

Day Trading Plans for MELI

• Buy MELI slightly over 1600.9, target 1606.7, Stop Loss @ 1597.17
• Short MELI slightly near 1600.9, target 1562.23, Stop Loss @ 1604.63.

MELI Technical Summary | Raw Data for the Trading Plans