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Writer's pictureLester Davids

MERCADOLIBRE 'The Amazon of Latin America'

Tuesday 26 November 2024 (Time: 20h43, S/Africa / U.S. Trading Session)

Code: MELI


Six years ago in 2018, at at a stock price of $305, my research picked up the MELI.

  • By then, the share had become known as the Amazon of Latin America.

  • Fast-forward and the stock has gone from $305 to above $2100.

  • The bull trend has the potential to continue.

  • Below is the current chart, followed by my comment on X/Twitter in 2018.



Lester Davids

Analyst: Unum Capital

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