Long Term Trading Analysis for (MELI)

Longer Term Trading Plans for MELI

• Buy MELI near 2303.42 target 2566.91 stop loss @ 2296.77 Details

The technical summary data tells us to buy MELI near 2303.42 with an upside target of 2566.91. This data also tells us to set a stop loss @ 2296.77 to protect against excessive loss in case the stock begins to move against the trade. 2303.42 is the first level of support below 2540.5 , and by rule, any test of support is a buy signal. In this case, support 2303.42 is being tested, a buy signal would exist.

• Short MELI slightly under 2566.91, target 2303.42, stop loss @ 2574.32 Details

The technical summary data is suggesting a short of MELI as it gets near 2566.91 with a downside target of 2303.42. We should have a stop loss in place at 2574.32though. 2566.91 is the first level of resistance above 2540.5, and by rule, any test of resistance is a short signal. In this case, if resistance 2566.91 is being tested, a short signal would exist.

Swing Trading Plans for MELI

• Buy MELI slightly over 2566.91, target n/a, Stop Loss @ 2559.5 Details

If 2566.91 begins to break higher, the technical summary data tells us to buy MELI just slightly over 2566.91, with an upside target of n/a. The data also tells us to set a stop loss @ 2559.5 in case the stock turns against the trade. 2566.91 is the first level of resistance above 2540.5, and by rule, any break above resistance is a buy signal. In this case, 2566.91, 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 2566.91, target 2532.16, Stop Loss @ 2574.32. Details

The technical summary data is suggesting a short of MELI if it tests 2566.91 with a downside target of 2532.16. We should have a stop loss in place at 2574.32 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, 2566.91, 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 2566.91, target 2577.07, Stop Loss @ 2560.92 Details

If 2566.91 begins to break higher, the technical summary data tells us to buy MELI just slightly over 2566.91, with an upside target of 2577.07. The data also tells us to set a stop loss @ 2560.92 in case the stock turns against the trade. 2566.91 is the first level of resistance above 2540.5, and by rule, any break above resistance is a buy signal. In this case, 2566.91, 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 2566.91, target 2537.97, Stop Loss @ 2572.9. Details

The technical summary data is suggesting a short of MELI if it tests 2566.91 with a downside target of 2537.97. We should have a stop loss in place at 2572.9 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, 2566.91, 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 June 26:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	2029.21
P2	2537.97	2431.88	2303.42
P3	2577.07	2532.16	2566.91

AI Generated Signals for MELI

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