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.
MTCH1 trade ideas
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
Match Group MTCH formed a pin barMatch group MTCH slowstoch is oversold and yesterday the stock formed a pin bar .
Slowstochastic is below 20 so oversold: pin bar could be a good signal for reversing the trend.
Stock strenght is above 85!
Watch the stock and lets see on lower timeframes if there is a entry signal (for example at 4h TF).
Disclaimer:
This is just my tought: don't invest based on this idea.
$MTCH Match Group Oversold - finding support around $37.50$MTCH Match Group Oversold - finding support around $37.50
Disagree with this steep sell-off. Facebook DAU demographics have shifted more and more toward middle aged adults. Most people of dating age, 20s & 30s, are using FB less and less. The type of people who would use Facebook to meet people to date are already using Facebook to meet people to date. This new functionality just formalizes it. Not too mention Match works on a subscription model with most customers fairly committed to the brand for the foreseeable future.
Buy the fear and panic selling
#MTCH #stock #LongI have finally found a solid long! MTCH has formed an upward channel. All indicators confirm on the daily, weekly, and monthly. What is even better is when you slide down to the hourly and 15 minute charts. There are two double bottoms inside of each other. This can be a quick play for the upcoming week to ride the markets rebound and set up some longer term longs! WOOHOO
trading pattern criteria
confirmed pattern 1
pattern confirms trend or confirms broken trend 1
pattern is syemtrical 1
pattern leans in the direction of the move 1
stoch RSI confirms 1
macd confirms 1
obv confirms 1
pattern confirms on 1 higher time frame chart 1
pattern confirms on 2 higher time frame chart 1
pattern confirms on 1 lower time frame chart 1
Total score 10
MTCH Inside day after new high long opportunityI don't really know too much about this company, but my sister says that all of her single friends are using their product.
Often times, a good trade comes from our daily lives!
Let's go back to the chart.
An inside day after historical new high is one of my favorite trade as there are not really much upside resistance, it's a classic momentum trade!
Let's see how it goes!
MTCH: let's swing...Ladies and gents. This little stock taps into raw human impulses and turn them into gold 0.30% . Talk about alchemy. Move over George Soros...
I made the image a bit bigger but there is a channel top at around $21.80.
I see this stock going up. I put a few scenarios with the red arrows but as usual, the market will do what it will do... red arrows or not. The key is just to try to have a set-up that makes some sense and to have a defense plan is stuff hits the fan.
This stock can move a fair bit in a day so I will probably put my stop under the yellow rectangle to let the stock breathe.
There are several lines of support there including some moving averages not shown, in order not to clutter things too much.
The big red line at about $17.1 is the POC 5.71% .
Very important to keep in mind that earnings are around January 31st. MATCH was an IPO 0.34% a few quarters ago and it had big moves on earning. Unless you are very good at praying, I would recommend to either get out pre-earnings or find a way to protect yourself or your gains if you have some before earnings.
Cheers
MTCH - Long - Swing+ High vol. breakout last week
+ followed by multiple days of narrow range, sideway, movement, with contracting volume
+ support from 5ema
+ trend intensity turned bullish since last week
- earnings is 3 weeks away; possible that prices will remain range bound w/ fake break-outs, leading up to the earnings release
: Target is a bit aggressive depending if you want to exit before earnings; if there are enough gains, once might stay through the earning release
Match going into earning. Price in rising channel. Before earnings are announced today Match.com price is in a rising channel. Now, it is having some difficulty staying above the resistance set when the stock started trading at 16.15. Regardless of earnings I am bullish unless price breaks down through rising channel with heavy volume. However, RSI divergence is pointing to a possible down turn in the near future.