Dec. 11 at 11:52 PM
Actionable Trade Alert for
$MTCH:
Market Context:
$MTCH is currently trading at
$33.83, showing strong momentum with an RSI of 78.16, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$32.91 and 50-day moving average (MA50) of
$32.90, suggesting bullish sentiment. However, the high of
$38.82 from the last 60 days presents a resistance level to watch.
Directional Bias: Given the current RSI and proximity to the 60D high, a pullback may occur, but the overall trend remains bullish.
Trade Plan:
- Suggested Entry:
$33.83
- Stop Loss:
$32.50 (approximately 3.9% below entry)
- Take Profit Targets:
1.
$36.00 (6.4% gain)
2.
$37.50 (10.9% gain)
3.
$39.50 (16.5% gain)
Target 3 offers a potential ROI of 16.5%, aligning with the goal of at least 17% ROI. Monitor for price action near resistance levels.
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