MTCHZacks Rank: 2-Buy 2 Style Scores: D Value | B Growth | A Momentum | C VGM Industry Rank: Top 39%(100 out of 255) Industry: Internet - Services
MTCH1 trade ideas
MTCH Symmetrical Triangle Breakout to UpsideMTCH 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 $64 in the next week or two.
MTCH still looks to have upsideMTCH jumped after a strong EPS report. That gap was accompanied by large volumes. We should see further upside in the shares long-term.
2018-09-25-MTCHToday I will look for a SHORT on MTCH while price is moving towards 52.00 support level, and while SMA20SMA50.
SL 0.96%
TP 2.88%
2018-09-24-MTCHTomorrow I will look for a SHORT on MTCH during the day while price is moving towards 52.00 support level, and while SMA20<SMA50.
SL 0.52%
TP 1.56%
MTCH - Bullish MDTradesThis is coming into resistance ~58 (1.618 extension). If it takes this, could run to 73+ Open long.
ROKU + MTCH - solid long-term winnersFor 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 just wanted to bring these names up now, put it on your radar, and later share what drove my thesis.
The green and red arrows show my buy/sell points this year. Below are my returns so far:
MTCH (12/21/18 $43 Calls): +32% (sold)
MTCH (9/21/18 $50 Calls): +56% (open)
ROKU (10/19/18 $49 Calls): +104% (sold)
ROKU (9/21/18 $65 Calls): +247% (trimmed/open)
Total = +439%
While my timing could have been better (more on that later), I'm satisfied with that return - who wouldn't be. I'm always learning and getting better with my trades (learning from losers and staying humble is key).
I'm recommending that investors should buy these names for the long-term (think 2-5 years). I'd wait for a small pullback here before jumping in; as you can see RSI is in overbought territory, but not significantly so historically (I may buy Puts to hedge my current positions). I'll provide updates on technical levels soon. However, since this is a long-term holding you could buy now and average in if it declines meaningfully. Again, I think 2-5 years from now, these names are going to generate very nice returns.
I'm also not suggesting options at the moment because of the massive run-ups and short-term pullback risk.
My plan overall is to own the stock, and play weekly, monthly, and longer dated options.
Action: Buy ROKU + MTCH
I'm posting a link to Seeking Alpha where I first mentioned why I was buying MTCH back in May-2018. My name there is: soajustice. I post more trades/commentary there as well -- Trading View is all new for me. seekingalpha.com
More to come, stay tuned.
Would love to hear your thoughts, feedback and analysis.
Cheers!
MTCHBearish 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
$MTCH setup @1SimpleTraderWaiting 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 jumped after earnings. I'm excited to see how this one plays out.
MTCH Resistance LinesSummer 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.
MTCHwho is left to buy?
great run- broke all time high and $50!
But chart looks extended on all time frames. No price action can go straight up.
Short term- BEAR
Long term- BULL
MTCH: Match Group Inc.Never fully recovered from the Facebook competition announcement back in early May, which caused a huge selloff. Earnings on 8/7 AMC, might consider covering before then. XLK will continue to consolidate in my opinion. We should have downward market momentum with us in the short run.
TA:
Moving Averages: Rejected by the 50 day moving average continuously since early July. Finally tested and was shot down to fall out of the trendline and dip below the 200 day moving average.
Trendlines: MTCH recently fell out of its wedge looking like it has much more downside after an astronomical climb.
Momentum: Momentum showing that the stock is cooling down with the momentum indicator in a downtrend.
MACD: Daily just signaled bearish again, with the weekly showing what will most likely be continued downward momentum.
Short 50 shares @ 36.00
Targets:
First: 34.60
Second: 31.00 (what I'm really aiming for)
Third: 26.20
Stop 40.00
match.com has meet its match (2)on the chart this company looks weak, i see a potential ABCD pattern forming to the downside that i have marked in (orange) and also it would land very nicely on the (blue) line 30$. 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 = 1
group strength = - 1
abcd pattern = 1
fractal = 0
Matchgroup eyeing for a bullish breakout 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.
$MTCH Short-term + Long-term = Long As nice a dip the $FB vs. Cambridge Analytics was, the $MTCH vs. $FB cupid contest is looking just as attractive. May 18th is shareholder meeting, so if the setup today (May 17th) doesn't look breakout ready, next week should definitely see some action. A1 (most realistic) target price is mid $42. Purple rectangle indicates potential target before re-trace to next long entry (green rectangle). June 18th $42 & $44 seem promising, although I can see a $47 TP by then.
MTCH Stock dropping towards 31 handleSetup:
It was noted that MTCH stock could drop to the 31 handle.
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 41.83
SL: 44.79
TP: 37
Trade 1:
Entry: 41.83
SL: 44.79
TP: 31.53
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2%
Total Reward:
5 %
Match.com bounce off the 200-dayAfter the huge correction caused by the Facebook dating announcement, it looks like the 200-day moving average is going to be a strong support for Match. It will probably retest 36 before heading higher.
MTCH: Online Dating leader setting up long entry after FB scareMTCH: Online Dating leader Match.com took a nosedive with the announcement that Facebook will begin competing in its space. The technicals suggest a good buying opportunity is setting up as the major correction of the high degree 3 completes.
MTCHPlay #1
-northbound RSI BOUCNE
Play #2
- southbound retrace
Play #3
- iron condor- sideways movement
FB opens dating site
MTCH price suffers
uptrend since 02/2016
- bounce to come oversold RSI on all time frames
Long term FB will probably slowly take away market share, sideways or downward movement long term
