MTCH is currently consolidating in a symmetrical triangle. Since symmetrical triangles are continuation patterns, we will likely see price break to the upside next week. However, be ready to play both sides of the breakout. MTCH currently has super high levels of short interest with 49% of float being shares shorted. If we break up, we can see a short squeeze to...
For this post, I want to bring up and recommend ROKU and MTCH, which have been two of my best performers this year and are just beginning to break out to new ATHs.
Said simply, I think these are both ~$100 stock. I think that this price tag is likely going to come sooner than some might expect due to multiple catalysts that I will talk about in future posts. I...
Bearish Butterfly
or
Up sloping Bull Flag
Uptrend favors LONG
LONG
- price action has returned old Up trend into a regression line
-overall is in an uptrend
-all time highs
Short
- bear butterfly
-RSi divergence
Strategy
- options straddle/strangle
- protective put
Waiting for the green to cross over the red. Simple, but by god it just might work. @1SimpleTrader on Twitter turned me onto this plan. Been trying to find a way to call the reversals for stocks like $GRUB that popped after earnings then dropped, only to reverse up higher. Its your standard bull flag movement, but they look funky because of how much the price...
Summer romance at the beach doesn't need subscription until returning from summer. Year 2 from IPO typically trends up, but market oversold and hard to hold volume.
who is left to buy?
great run- broke all time high and $50!
But chart looks extended on all time frames. No price action can go straight up.
Short term- BEAR
Long term- BULL
Never fully recovered from the Facebook competition announcement back in early May, which caused a huge selloff. Earnings on 8/7 AMC, might consider covering before then. XLK will continue to consolidate in my opinion. We should have downward market momentum with us in the short run.
TA:
Moving Averages: Rejected by the 50 day moving average continuously...
on the chart this company looks weak, i see a potential ABCD pattern forming to the downside that i have marked in (orange) and also it would land very nicely on the (blue) line 30$. I dont want to short at current price bc i hate shorting at bottoms, i would much rather short near a resistance line like the (yellow) areas
volume = 1
timing in the market =...
NASDAQ:MTCH is looking to break out higher. Over 50% short interest so this one can skyrocket higher. We want to see some volume kick in during the breakout.
