MTCH: INVERTED HEAD AND SHOULDERS PLAY
Updated
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 chart. The target move is on the chart.
Trade safe!
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 chart. The target move is on the chart.
Trade safe!
Trade active
Here is the break, you're welcomeNote
Retest of the breakout point is a good buy point. Low risk. With a stop below the line, in case the overall market drops.Note
Failed to sustain the breakout.Price now below the range zone. Be careful. If we don't go back up, target is 100.
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