$MELI
Added 2023-06-24 21:15:26 +0000 UTC$MELI has come up on my radar a few times lately as a I do a deep dive into potentially high growth stocks, EPS is expected to grow 50% each year for the next 5 years, this is a big target and as many have said, it is in the right growing market for this.
For now, I believe it is completing Wave 4 right now and we can see the 200 Day MA is coming up and on course to reach our Wave 4 target shortly.
Fundamentals are still quite overvalued right now so it appears to market is factoring in the future growth, the management need to execute on these plans now.
