MercadoLibre Inc. (MELI) Stock: Identifying Value and Future Vision

MercadoLibre Inc. [MELI] stock is trading at $970.99, up up 5.25% 

Until recently, the best way to assess a stock's performance was by looking at its short-term value.

MELI shares are up 13.06% over the past week, have lost -8.76% in monthly amounts, and are not holding well over the long time horizon.

Very few investors know about it yet... so a ground floor opportunity below $0.30 won't last long

Net revenue of $2.6 billion, 56.5% year-over-year on an FX neutral basis, income from operations of $250 million

Net revenue of $2.6 billion, 56.5% year-over-year on an FX neutral basis, income from operations of $250 million

$30.2 billion total payment volume with 9.6% margin, 83.9% year-over-year on an FX neutral basis to $8.6 billion gross trading volume, 26.2% year-over-year on an FX neutral basis.

DZ Bank began tracking the stock, assigned a buy rating and suggested a price target of $1,200.

Analyzing the MELI fundamental very good 

Before buying a particular stock, readers pay close attention to the indicators that support and create resistance.

The company's stock currently remains at 946.62 points for the first support level and 916.25 for the second support level.

However, for the first resistance point, the stock is at 987.28 and for the second resistance point at 1,003.57.