Trading (MELI) With Integrated Risk Controls

January 27, 2025, 02:20 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MELI

• Buy MELI near 1764.46 target 1984.27 stop loss @ 1759.36 Details

The technical summary data tells us to buy MELI near 1764.46 with an upside target of 1984.27. This data also tells us to set a stop loss @ 1759.36 to protect against excessive loss in case the stock begins to move against the trade. 1764.46 is the first level of support below 1843.45 , and by rule, any test of support is a buy signal. In this case, support 1764.46 would be being tested, so a buy signal would exist.

• Short MELI slightly under 1984.27, target 1764.46, stop loss @ 1990 Details

The technical summary data is suggesting a short of MELI as it gets near 1984.27 with a downside target of 1764.46. We should have a stop loss in place at 1990though. 1984.27 is the first level of resistance above 1843.45, and by rule, any test of resistance is a short signal. In this case, if resistance 1984.27 is being tested, so a short signal would exist.

Swing Trading Plans for MELI

• Buy MELI slightly over 1895.18, target 1984.27, Stop Loss @ 1889.71 Details

If 1895.18 begins to break higher, the technical summary data tells us to buy MELI just slightly over 1895.18, with an upside target of 1984.27. The data also tells us to set a stop loss @ 1889.71 in case the stock turns against the trade. 1895.18 is the first level of resistance above 1843.45, and by rule, any break above resistance is a buy signal. In this case, 1895.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MELI slightly near 1895.18, target 1834.07, Stop Loss @ 1900.65. Details

The technical summary data is suggesting a short of MELI if it tests 1895.18 with a downside target of 1834.07. We should have a stop loss in place at 1900.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1895.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for MELI

• Buy MELI slightly over 1846.85, target 1895.18, Stop Loss @ 1842.54 Details

If 1846.85 begins to break higher, the technical summary data tells us to buy MELI just slightly over 1846.85, with an upside target of 1895.18. The data also tells us to set a stop loss @ 1842.54 in case the stock turns against the trade. 1846.85 is the first level of resistance above 1843.45, and by rule, any break above resistance is a buy signal. In this case, 1846.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short MELI slightly near 1846.85, target 1834.07, Stop Loss @ 1851.16. Details

The technical summary data is suggesting a short of MELI if it tests 1846.85 with a downside target of 1834.07. We should have a stop loss in place at 1851.16 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 1846.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Mercadolibre Inc. (MELI) available here: MELI.

MELI Ratings for January 27:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	1764.46
P2	1814.1	1834.07	1984.27
P3	1846.85	1895.18	2204.45

AI Generated Signals for MELI

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