MercadoLibre Inc

MELI remains in Stage 2 advancing with persistent higher highs and higher lows and rising EMAs. However, the early‐July Bullish Exhaustion candle at resistance and overbought RSI/Options Score indicate waning momentum, and price is now pulling back into the 9/21EMA support zone. Execution should be deferred for pullback absorption in this area. A close below the rising 21EMA would invalidate the medium‐term bullish bias.

• ↑Q1 2026 revenue $9.77 B (+43.9% YoY) with $40.4 B FY26 guidance.
• ↑GMV soared 49% YoY, boosting user engagement and retention.
• ↓Forward P/E 44.1x vs. 16.8x industry average implies rich valuation.