Short, Medium & Long Term $MTCH Long
MTCH is in a new channel between $48 and $60\Powerful moving stock with alot of growth potential, one of the highest returning stocks the last 2 years, averaging 100% growth per year
MACD is beginning to Cross from a relatively low position with RSI in its mid range.
A similar setup was before the spike of $38 to $50 and then its range in the
50SShort Term target of $58
Long term this stock has alot of room to grow, with a MCAP of only 16B and it seeming like a large CAP company in the making
Dangers to watch out for is compition from FB new dating service, yet i dont think this will pose a great risk as i dont think people would want to mix their facebook and dating profiles.
Strong support at $48
STOP LOSS $46
TARGET 1 $55 (30%)
TARGET 2 $58 (20 %)
LEAVE REMAINING 50% TO RIDE POTENTIAL LARGE CAP GROWTH
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