MELI
🛒 Meli was just added to the long-term portfolio due to its strong fundamentals, impressive growth, and breakout to new all-time highs.
📈 Known as the ‘Amazon of South America,’ MELI shows robust quarterly growth (20-40%) and increasing profitability, attracting significant institutional investment.
💪 The stock exhibits exceptional relative strength (RS Rating 94) and has broken out of a long-term base, signaling a potential major uptrend.
@VisionariosBolsa:
“The value I entered this week is MELI, an company that if you didn’t have under surveillance, it’s because you’re not really following the weekly reports from all these past months, because it’s a value I’ve already talked about. This week it had corporate results; it didn’t have a super strong movement on those results, but we did have a rise of 7.42%. It did superbly; we are breaking new all-time highs. But what I like most about this company, apart from the fundamentals and the good outlook it has—remember MELI is known as the Amazon of South America; it’s an Argentinian company that is basically copying Amazon’s services in the rest of the world. It started as the large e-commerce platform, but today it encompasses many industries and is a company that, for its size, for what it invoices, is growing outrageously. Look at the growth digits: 40, 30, 20-something percent, invoicing billions quarterly. A profitable company that is more profitable each quarter, a company in which funds are increasingly positioned. And not only that, but it’s also one of the companies that has shown the greatest relative strength in recent months. In fact, precisely because of that relative strength, we’ve already touched on it in previous videos. Look at that relative strength, that RS indicator making all-time highs; we have it at 94. That is, it’s one of the values that has had the most strength in all these past months. Remember that the RS Rating is a unique indicator of this platform that I use. Let’s not confuse it with the RSI, which is something totally different, an indicator I don’t use. The RS rating scores companies from 1 to 99 based on their relative strength, with 1 being the worst company in the market and 99 the best. In this case, we are looking at an RS94 company, a very good pattern, especially if we go to the monthly chart, where you can see it has been within this base for a very long time and now it seems to want to resume that uptrend. So, a new value we entered this week, a long-term portfolio value in this case.”
Watch the exact part of the video where @VisionariosBolsa talks about MercadoLibre, Inc. here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on MercadoLibre, Inc. (MELI) at the following link. MELI stock.
