post-earnings play, 20%+ move in the makingbull pennant almost done forming, expecting a breakout/squeeze
MTCH1 trade ideas
BUY $MTCH (Love, loves, love)Any dip currently is a buy IMHO to enjoy the ride up for a 5th wave. We are completing a 4th wave currently and will be testing new ATHs on the next leg up. fibonnaci retracements implies we've hit a 38% retracement and MTCH is forming a bull-flag on the daily (which is typical for a 4th wave). be on the lookout for confirmation on the Stochastic RSI. PT on the chart
Match breaking out of basing formation into a flagAlso note decreasing volume as the price went down into the flag. Earnings happened nov. 5 so the earnings symbol on the chart is wrong. Ive seen lots of huge call positions being taken that expire in December with strikes up to 150. A breakout of this flag on Monday seems pretty likely
MTCH pre earning momentum playTougher play b/c price is close to all time highs, but two week out there is time
for a decent pre earnings push. Entry above box and stop below box. Targets = dotted lines.
Take profits on the way up and always sync your trades with a strong broad market.
#weekendchartreading $MTCH #tinder end of uptrend ?? breaking the trading channel to the downside
MtS downsloper in effect
Holding on to support, if not more weakness coming.
MTCH Elliot Wave SignalIt seems that the 1hr chart for MTCH is following a classic elliot wave principle.
$MTCH on Possible RallyBreak out from its 52-week high and consolidated above break out point. Potential rally if it stays above its mini consolidation.
$MTCH Bullish Ascending Triangle - Unusual Options Activity$MTCH Bullish Ascending Triangle - Unusual Options Activity
Big $6M bet on Jan 2021 $100.00 strike high premium calls traded yesterday.
Monitor for strong breakout above $100.
Holding $95.50 support level from Aug'19 high.
Near term target: $113-$116 range
Note: Not investment advice.
Previously alerted at $57 and continued solid fundamentals!Personally got stopped out of that position during COVID-19 Looking really good for a continuation!
MTCH was a top quarterly gainer, rising +107.39%. Match Group (MTCH, $98.2) was one of top quarterly gainers, jumping +107.39% to $98.2 per share. My A.I.dvisor analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 101 of them (96.15%) charted an Uptrend while 4 of them (3.85%) trended down. My A.I.dvisor found 493 similar cases when MTCH's price jumped over 15% within three months. In 312 out of those 493 cases, MTCH's price went up during the following month. Based on these historical data, A.I. thinks the odds of an Uptrend continuation for MTCH are 63%.
MATCH GROUP ViewHey traders, MATCH GROUP shows a refusal of sellers on a large volume, possibility of breaking trend support to go up breakout the hit line and the stabilization zone with the buyers' returns.
Please LIKE & FOLLOW, thank you!
MTCH Head and ShoulderMTCH retesting neckline.
Weak trend. RSI trending down.
This should puke down.
Note: chart is inverted
MTCH breaking out to new highsShort interest is 73% could see a good squeeze. IBD rating of 99. Might see a small pullback before continuing higher but still worth the risk.
Long @97.63
long long to short squeezeMatch Group, Inc. (MATCH) ()
Status: Open 03/06/2020
Idea: buy company shares through the purchase of Call options
Expiration Date: 07/17/20
Strike: $90.00
Target price: $130
Max open option price: $450
Option target price: $4200
Profit factor: 9
Position volume: no more than 5% of the Deposit
(www.marketwatch.com)
The company has achieved high performance indicators in its work, which despite the market correction led to an increase in quotations, due to the critical accumulation of short positions on paper and a strong fundamental, we expect Short squeeze and a significant increase in quotations up to the level of $140, where we recommend closing positions on the option.
