I'm expecting a compression before a positive breakout Its Trend(OBV) displays squeezes in both Bollinger band and Donchian channel in a bullish zone (above 20) of the True Strength Index.
So I'm expecting that MTCH may compress to build up its potential energy which helps make a positive breakout to a new ATH.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!
MTCH1 trade ideas
Going on a date with short-seller / Match.com I strongly believe in the company over the long term but for now i see the following
1. Income H&S
2. Exiting quarantine! people for some time will let go of phones cause they got sick of them but eventually they will return to the easiness of online-dating (cost effective/ time effective / psychologically easiness, people want to avoid pain at any cost)
3. RSI Divergence
Match Group Inc 🧙Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).
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Head and ShouldersMTCH has not made a downtrend move below the neckline (NL) as of yet.
Perhaps to much of a gain so needs to pay the price, or it may never break the neckline? I think it may but the neckline is support.
Pattern is not valid until there is a break of the neckline with a trend down.
I do think this one will find a bottom and come back. Folks were doing online dating before folks caught the flu. I think folks always will do online dating.
Romeo and Juliet lived forever in eterntiy.
Not a recommendation.
Brushing up on fundamental analysis never hurt anyone.
MTCH MATCH GROUP performing outstanding in 2021 whats nextMATCH GROUP has performed really good this year
We started this year with a strong bounce of the 1.618 fib level. 130 zone became our support.
When we crossed the 2.618 fib it looked exhausted when we peaked at 160 it retested previous highs which were below this level. Still there were enough buyers to bounce of this level pretty easily around when wallstreetbets were attracting people to the stock markets. Now weve seen 175 and were looking to see if our previous higher low on 160 will support us further down the line.
I think we might see it dip a little further to retest the broader structure to see if theres more demand so some retracement is fine but we should watch the 135/150 price lvl.
Ill be keeping a close eye on this stock.
# I am not a financial advisor, i do this for fun :) Trade at your own risk, remember ALOT of people lose their money.
Thriving business ! Thanks to Covid-19 pandemic!Love does not take a backseat when the Covid-19 pandemic hits the world more than a year ago. In fact, the need for companionship is stronger than before since many singles are not able to meet face-to-face. Videos call and text messages, emails become the main go to channels for them.
And where legitimate operators make money from dating apps like Match.com, on the flip side, con-artists are out there working in syndicates to con money out of these lonely people. Sadly, this trade has been around for decades and each year, I see the figures going up higher and higher.
Read articles here , here , here and here
The thread that weaves a common line between these articles are :
1 Con artists are great at manipulating emotions
2. It takes time to build relationship and win the trusts
3. They con many women to get the results they want, so it is a number game
If these artists could apply their skills to the game of trading/investment, perhaps they too can become good traders/investors. Afterall, isn't trading a game of emotions ? And to win profits , time is needed for the price action to move. Short term volatility like rejection in the love scam is inevitable and part of the game. Lastly, you need lots of practice to hone your skills in trading.
So, I would urge the con artists to turn over a new leaf and stop hurting more people out there with sweet talk and empty promises.
Tinder? Seems like matchRookie alert: this is the fist idea I'm confident to publish, be aware of that and please feel free to leave some feedback in the comments, I will be much thankful.
IDEA: long on buy zone after back test confirmation
Rational and some fundamentals:
Match group is a dating products empire. Besides owning Tinder, definitely their most known brand, they also operate under the brand name Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. They are an innovative company that works almost in a monopoly. The nearest player in the sector is Bumble, that already filled for IPO although date is not announced yet. Some say this is a threat, others say this is good cause it will bring more attention the sector and to Match group. I agree with the second group.
My vision is the market reacted briefly to the earnings release that failed to match (no pun intended) the expectations by -5% and the stock quickly return to the previous uptrend on a fast climb to a new ATH. After some normal profit taking it returned to the up trend creating a decent support.
The quick return to the trend after the earnings release tells me that didn’t shake the investors confidence in the business. The support on trend makes me believe market agrees there is still room to grow.
What are your thoughts on this?