As nice a dip the $FB vs. Cambridge Analytics was, the $MTCH vs. $FB cupid contest is looking just as attractive. May 18th is shareholder meeting, so if the setup today (May 17th) doesn't look breakout ready, next week should definitely see some action. A1 (most realistic) target price is mid $42. Purple rectangle indicates potential target before re-trace to next...
Setup:
It was noted that MTCH stock could drop to the 31 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 41.83
SL: 44.79
TP: 37...
After the huge correction caused by the Facebook dating announcement, it looks like the 200-day moving average is going to be a strong support for Match. It will probably retest 36 before heading higher.
MTCH: Online Dating leader Match.com took a nosedive with the announcement that Facebook will begin competing in its space. The technicals suggest a good buying opportunity is setting up as the major correction of the high degree 3 completes.
Play #1
-northbound RSI BOUCNE
Play #2
- southbound retrace
Play #3
- iron condor- sideways movement
FB opens dating site
MTCH price suffers
uptrend since 02/2016
- bounce to come oversold RSI on all time frames
Long term FB will probably slowly take away market share, sideways or downward movement long term
Match group MTCH slowstoch is oversold and yesterday the stock formed a pin bar .
Slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 85!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
$MTCH Match Group Oversold - finding support around $37.50
Disagree with this steep sell-off. Facebook DAU demographics have shifted more and more toward middle aged adults. Most people of dating age, 20s & 30s, are using FB less and less. The type of people who would use Facebook to meet people to date are already using Facebook to meet people to date. This new...
Look for entry on way up. Keep an eye out on this market volatility. During times like this, If you go into profit, manage your trade with a tight stop, preferably on a smaller time frame. Be careful.
---Ideas are not investment advice
I have finally found a solid long! MTCH has formed an upward channel. All indicators confirm on the daily, weekly, and monthly. What is even better is when you slide down to the hourly and 15 minute charts. There are two double bottoms inside of each other. This can be a quick play for the upcoming week to ride the markets rebound and set up some longer term...
I don't really know too much about this company, but my sister says that all of her single friends are using their product.
Often times, a good trade comes from our daily lives!
Let's go back to the chart.
An inside day after historical new high is one of my favorite trade as there are not really much upside resistance, it's a classic momentum trade!
Let's see...
