MELI
📈 The stock shows a positive technical outlook, having experienced a strong rebound recently, suggesting upward momentum.
📊 The weekly chart remains bullish, supporting the potential for further upside despite upcoming earnings volatility.
⚠️ Caution is advised due to the imminent earnings report on Wednesday, which coincides with Fed Chair Powell speaking, potentially increasing market uncertainty.
@marcosemmimfp:
“Could you analyze Meli? Let’s look at Meli there. Mercado Libre. It seems like it’s still going up. Meli’s earnings are coming up on the 7th, look, right when Powell speaks on Wednesday. Be careful there, but it had a very nice rebound, and on the weekly chart, this is still bullish, so we are good.”
Watch the exact part of the video where @marcosemmimfp talks about MercadoLibre here:
Watch the video on YouTube
Read more articles analyzing MercadoLibre (MELI) at the following link. MELI stock.
