MercadoLibreMercadolibre: Amazon Of Latin America And Cathie Wood Stock Surges With 45% Sales Growth

MercadoLibre (MELI) is approaching a buy point of 1,095.44 in a long consolidation. Shares of the ‘Amazon of Latin America’ have been on an eight-day winning streak with rising volume.


The e-commerce and digital payments giant topped an alternative entry of 1,039.49 Friday. They are executing a healthy pullback Monday after a strong run up.

MELI’s Relative Strength Rating has risen sharply from a year ago and stands tall at 92. The strong Composite Rating of 97 supports the stock’s…

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