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Beta
Title
Last Update
5/21/2013
MELI
MERCADOLIBRE
STAY LONG
Last Pattern: BEARISH HARAMI CROSS
Last Close:
124.8500
Change:
+0.5500
Percent change
+0.44%
6 mo. Rating 4★
$100⇨ 157.15
12 mo. Rating 2★
$100⇨ 166.17
24 mo. Rating 2★
$100⇨ 357.57
Signal Update
Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 4/22/2013, 29 days ago, when the stock price was 92.0000. Since then MELI has risen by +35.71%.
Market Outlook
The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This is a major bearish reversal pattern, which is even more significant than a regular Bearish Harami. The outline again looks like a pregnant woman, as with the Bearish Harami Pattern. However, now the baby is a Doji. Basically, the pattern is characterized by a white body followed by a Doji that is completely inside the range of the prior white body. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
4/22/201392.0000BUY 263.49
4/15/201393.7250SELL 264.02
4/11/201396.4700BUY 272.30
4/5/201393.8000SELL 272.85
3/6/201388.2000BUY 257.07
2/26/201384.4700SHORT 270.02
2/19/201384.1600BUY 270.11
1/29/201387.5700SELL 270.65
1/2/201380.6000BUY 249.61
12/26/201278.4200SELL 250.11
12/17/201278.5700BUY 251.09
12/13/201279.4100SELL 251.59
12/3/201272.0350BUY 228.68
11/28/201272.8400SHORT 227.09
11/16/201274.5500BUY 233.35
11/5/201278.2500SHORT 223.71
11/1/201285.6000BUY 245.70
10/18/201290.4400SELL 246.19
9/28/201282.0800BUY 223.88
9/20/201287.7600SELL 224.33
9/6/201281.5500BUY 208.87
8/20/201284.7800SELL 209.29
8/16/201285.0550BUY 210.39
8/8/201287.7850SELL 210.81
8/3/201278.9100BUY 189.88
7/31/201269.7200SHORT 219.59
7/26/201271.9800BUY 227.62
7/25/201269.9800SHORT 235.26
7/19/201272.9700BUY 246.30
7/5/201280.0550SELL 246.79
7/2/201277.1895BUY 238.43
6/28/201271.8055SHORT 258.79
6/26/201270.6695BUY 255.72
6/21/201270.4950SHORT 257.38
6/15/201267.7300BUY 248.28
6/11/201271.7400SHORT 236.08
6/5/201269.2850BUY 228.92
5/24/201274.7850SHORT 214.09
5/21/201274.7250BUY 214.78
5/18/201272.7900SHORT 221.53
5/16/201274.7350BUY 228.36
5/2/201298.3850SELL 228.82
4/25/201291.5400BUY 213.33
4/16/201295.9580SHORT 204.76
4/12/201295.3900BUY 204.36
4/10/201296.5030SHORT 202.84
3/26/201298.1200BUY 207.07
3/19/201297.6350SHORT 208.94
3/9/201294.8800BUY 203.86
3/6/201295.8600SELL 204.27
2/22/201297.1600BUY 207.46
2/17/201296.7700SELL 207.88
2/13/201294.5650BUY 203.55
2/7/201294.9260SELL 203.96
2/1/201289.9000BUY 193.55
1/26/201288.3600SELL 193.94
1/11/201283.5700BUY 183.79
1/9/201280.4700SHORT 191.92
1/4/201280.4700BUY 192.69
12/8/201192.5400SELL 193.08
12/5/201187.3900BUY 182.70
11/23/201183.2100SELL 183.07
11/17/201186.4000BUY 190.47
11/10/201185.8900SELL 190.85
11/4/201182.0900BUY 182.77
11/1/201162.6600SELL 183.14
10/5/201153.1900BUY 155.77
9/9/201167.3100SELL 156.08
8/24/201163.6700BUY 147.94
8/16/201167.8500SHORT 139.91
8/9/201160.3550BUY 124.95
8/2/201177.6500SHORT 102.60
7/21/201178.5499BUY 104.21
7/11/201181.3900SELL 104.42
7/1/201179.4400BUY 102.12
6/28/201176.8100SHORT 106.17
6/21/201175.3150BUY 104.52
6/16/201176.5000SHORT 103.34
6/14/201180.0100BUY 108.51
6/1/201188.0300SHORT 99.85
5/26/201187.0800BUY 99.17
5/23/201186.8800SHORT 99.80
† Trade commissions taken as 0.20%.
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