MTCH has undergone rather bearish action, but not all is lost
This allows for a recovery at the dominant green trend line
Similar structural patterns (A,B,C) can be seen between this current downward move (c) and a prior move
The prior resulted in a bullish result, this will also
The PEAD projected a Bullish outlook for $MTCH after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
MTCH as well as the rest of the market has seen tremendous selling over the last week and I believe the Bulls will step in for a few weeks before we head into wave 3 down. MTCH targets are $117 and $135 during that time.
Not financial advice
I'm moderately convinced that you could short most anything in the market which has a high P/E and you won't lose money and MTCH is no exception. With a P/E of 43 and Fibs showing us that MTCH could drop to $89 in the coming weeks, PUTs and call selling should pay out nicely for those holding positions. I don't normally play earnings reports, but I threw in some $...
MTCH has been in a very well defined range since November 2020. Support and resistance are clear.
Are we finally going to break above this range? We had several breakout in the past but the price always came back very quickly in the range.
One could initiate a long position if we break, with a stop below the line.
I see an inverted head and shoulders on the...
Shallow retrace on an ?impulse. We might be gearing up for another impulse upwards sooner or later.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere...
The market rally continued when the Fed’s announcement on results of interest rate discussion was as expected. Thus all of the three major indexes closed over 1% higher, with leading tech stocks climbing. The Congress and the White House reached an agreement on the source of spending bill, which also stabilized the market to a certain degree. Currently, the rising...
September FOMC did not surpirse us. Even if the Fed showed a hawkish attitude rarely seen since the outbreak, it failed to intimidate the stock marketplace.
Although the details and speed of each narrative development are different, the cycle is never absent. It is known that taper will happen in the future, followed by increasing interest rates; the stock...
We started a position in MTCH up through $136 vs the low of major support vs $130, as it held, put in a higher pivot low, we will look to add above $142 vs $130 with the main goal of holding at least till $170
Today I will be analyzing Match Group. For everyone who doesn’t know this company, they are creating and managing many dating platforms one of their well-known is Tinder. Cash flow comes from subscriptions (like Tinder Plus) and other services.
Buy Signal
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling...
![MTCH: [Pre-market Analysis] September 24th](https://s3.tradingview.com/g/gH0flISm_mid.png "[Pre-market Analysis] September 24th")
