Ladies and gents. This little stock taps into raw human impulses and turn them into gold 0.30% . Talk about alchemy. Move over George Soros...
I made the image a bit bigger but there is a channel top at around $21.80.
I see this stock going up. I put a few scenarios with the red arrows but as usual, the market will do what it will do... red arrows or not. The key is just to try to have a set-up that makes some sense and to have a defense plan is stuff hits the fan.
This stock can move a fair bit in a day so I will probably put my stop under the yellow rectangle to let the stock breathe.
There are several lines of support there including some moving averages not shown, in order not to clutter things too much.
The big red line at about $17.1 is the POC 5.71% .
Very important to keep in mind that earnings are around January 31st. MATCH was an IPO 0.34% a few quarters ago and it had big moves on earning. Unless you are very good at praying, I would recommend to either get out pre-earnings or find a way to protect yourself or your gains if you have some before earnings.
Cheers
I made the image a bit bigger but there is a channel top at around $21.80.
I see this stock going up. I put a few scenarios with the red arrows but as usual, the market will do what it will do... red arrows or not. The key is just to try to have a set-up that makes some sense and to have a defense plan is stuff hits the fan.
This stock can move a fair bit in a day so I will probably put my stop under the yellow rectangle to let the stock breathe.
There are several lines of support there including some moving averages not shown, in order not to clutter things too much.
The big red line at about $17.1 is the POC 5.71% .
Very important to keep in mind that earnings are around January 31st. MATCH was an IPO 0.34% a few quarters ago and it had big moves on earning. Unless you are very good at praying, I would recommend to either get out pre-earnings or find a way to protect yourself or your gains if you have some before earnings.
Cheers
Comment:
Sold my puts this morning. Nice short trade. I still have some calls that are already paid for so I will keep them for now. Plenty of buyers showed up at $16.00. I won't touch it for now. Just keeping it on my list.