Long

LendingTree, Inc

Updated

On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:

1) You know why..

2) RSI resistance breakout.

3) Multiple oscillators print positive divergence with price action. More or less all of them.

4) No stock splits.

5) Some other things, will say elsewhere.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: investment
Risk: <=6% of portfolio
Timeframe:1 month, no rush.
Return: no idea
Stop loss: will say elsewhere

Trade active

Support confirmed.

Note

GRM support now confirmed

Note

30% return one month later, time to sell? Will say somewhere else!

Trade active

Close swing trades, on support

Note

support confirmed.

Trade active

Note

At resistance... will it break?

Note

Resistance cracked. Onwards and upwards.

Note

A return can now be estimated following the wedge breakout, which is somewhere over 400. If you capitulated at the $10 area, you can wait for the next higher low to print.

Trade active

Up 130% so far.

Note

up 160% now.
Earnings report is coming soon. How do we already know it will be positive?

Trade active

Past resistance confirms support.

Trade active

** price action confirms support on past resistance **

Currently up around 200%. Continue long positions until price action nears the $500 area.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.