TREE was up huge from bottom, almost up 300%.
A dip here would give us entry around low 20s
Long around 22-24
Stop loss - 18
Target #1 - 50
Target #2 - 60
Target #3 - 80, after a pullback.
On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:
1) You know why..
2) RSI resistance breakout.
3) Multiple oscillators print positive divergence with price action. More or less all of them.
4) No stock splits.
5) Some other things,...
Online financial platform, LendingTree, Inc. (TREE), Wednesday announced that it has repurchased 0.50% convertible senior notes worth approx. $100 million, which were issued in July 2020 and will be due in 2025.
The company has spent approx. $81.4 million in cash for this transaction. On Tuesday, LendingTree's stock closed at $19.62, down by 0.66%.
The company’s...
Tree broke out on Friday and has not found any slowdown., My next targets based on technical analysis is 21.20 then 23.60 after that we could see 28$. there is for sure plenty of gas in this tank
The last signal to buy on this strategy was given September 15.
The price of the asset at the time of entry into the trade was 15.76.
Our goals for this trade are as follows.
Take-Profit is set at 31.5.
and Stop-Loss Order at 13.4 At the moment, the the asset price has fallen slightly from the signal level, and this happens quite often before the trend...
Neckline is not broken and will serve as resistance until price is above it.
Patterns fail.
Negative volume is very high. And so is short interest at over 15%. The bands are contracting. High volume at head so perhaps a stop under there. Bearish RSI divergence which may have corrected by now.
Long entry can be very important and perhaps today is not the day...
once it breaks over the $400 level, it can start to run, even before the price target get increased.
ofc my 5-year hypothesis takes a long time, and a BIG BIG BIG return, but at least the risky is "only" 14%, considering the break of the channel in green.
at this price ($225) it is undervalued considering the price target on yahoo of $350+
trade safe, and...
So I initially set a 5 / 30 EMA crossover (up) signal alert for $TREE (Lending Tree) as it is one of the cyclical stocks where market has been rotating into.
It got triggered last night (or morning in Eastern time) and I immediately went in and bought a couple of LEAP based option calls for it. At this point in the day, $TREE was just about 290 only.
Little did...
