Today I will be analysing 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. Cashflow 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 pressure
-current...
Earnings are 8-3 AMC
Bull Flag noted/blue star is target for bull flag.
MTCH also broke up from a triangle and formed the flag.
Earnings can be tricky as of late.
No recommendation. Negative volume is out the roof so big money interested.
Romeo and Juliet lived forever in eternity (o: Let price come to you
Its Trend(OBV) displays squeezes in both Bollinger band and Donchian channel in a bullish zone (above 20) of the True Strength Index.
So I'm expecting that MTCH may compress to build up its potential energy which helps make a positive breakout to a new ATH.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and...
NASDAQ:MTCH weekly broke out of a bullish pennant and then gave a small inside bar . If it breaks above the high of last week's bar, it should have smooth sailing to new all time highs.
Notice the MACD confirmation as well.
I strongly believe in the company over the long term but for now i see the following
1. Income H&S
2. Exiting quarantine! people for some time will let go of phones cause they got sick of them but eventually they will return to the easiness of online-dating (cost effective/ time effective / psychologically easiness, people want to avoid pain at any cost)
3. RSI...
Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of...
MTCH has not made a downtrend move below the neckline (NL) as of yet.
Perhaps to much of a gain so needs to pay the price, or it may never break the neckline? I think it may but the neckline is support.
Pattern is not valid until there is a break of the neckline with a trend down.
I do think this one will find a bottom and come back. Folks were doing online...
Looks like it’s ready for a TLB to resume major uptrend any day now. Don’t forget American markets have been selling off recently. Might want to wait for Bulls to take control of the market before getting long.
MATCH GROUP has performed really good this year
We started this year with a strong bounce of the 1.618 fib level. 130 zone became our support.
When we crossed the 2.618 fib it looked exhausted when we peaked at 160 it retested previous highs which were below this level. Still there were enough buyers to bounce of this level pretty easily around when...
Love does not take a backseat when the Covid-19 pandemic hits the world more than a year ago. In fact, the need for companionship is stronger than before since many singles are not able to meet face-to-face. Videos call and text messages, emails become the main go to channels for them.
And where legitimate operators make money from dating apps like Match.com, on...
Rookie alert: this is the fist idea I'm confident to publish, be aware of that and please feel free to leave some feedback in the comments, I will be much thankful.
IDEA: long on buy zone after back test confirmation
Rational and some fundamentals:
Match group is a dating products empire. Besides owning Tinder, definitely their most known brand, they...
