What chart pattern is ChartPattern.io tracking on Mercado Libre?
ChartPattern.io is currently tracking Double Bottom on Mercado Libre in the Consumer Discretionary stock.
Live Consumer Discretionary stock scanner page for Mercado Libre. Review the double bottom setup, chart structure, and trade levels in one place.
Technical analysis of Mercado Libre (MELI) reveals a significant setup. With a last close of $1660.13, volatility remains active (-0.77%). Price action has carved out a classic Double Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $1924.6, targeting $2278.44 with support near $1747.68 (R:R 2.0).
MELI is part of the Consumer Discretionary stock on ChartPattern.io. The scanner currently highlights Double Bottom as the leading setup, with an entry near $1924.60, a stop around $1747.68, and a target near $2278.44.
Double Bottom
45/100 CP Index
Entry $1924.60 · Stop $1747.68 · Target $2278.44
Reversal pattern after a downtrend.
What is your outlook on MELI?
These answers make the page easier to scan for traders, search engines, and LLMs looking for quick context on MELI.
ChartPattern.io is currently tracking Double Bottom on Mercado Libre in the Consumer Discretionary stock.
The current trade plan points to an entry near $1924.60, a stop near $1747.68, and a target near $2278.44.
Mercado Libre currently leans neutral. The page is showing a CP Index of 45/100, which helps summarize the current technical setup.