In our August 8, 2023, report, we highlighted MercadoLibre (MELI) as it broke out from $1358.81, setting resistance at $1700. Now, with shares near $2000 and a 47.6% return over the past year, MELI continues to lead in Latin America’s e-commerce and digital payments markets. Point and figure charting shows key resistance at $2000, with potential for further gains. Our SIA 5 Stock NASDAQ Model, now including MELI, boasts a 51.37% YTD return. For further details and insights, please reach out.