$MTCH - RC -
Added 2024-02-06 14:23:48 +0000 UTC$MTCH reported last week and their EPS jumped by 69%+
Price action is still in the downward trend but showing signs that a reversal is possible here and a breakout of this channel shortly.
I have added in the First and Second Targets if the channel is broken out during this move.
Price is still holding the 50 Day MA but has rejected a few times at the 200 Day MA over the last month, so a retest of the 200 Day MA at $38.39 and a breakout here then the price action is in a good position to break out of the channel next.
Any loss of the 50 Day MA and the price can continue back down the channel again, particularly the blue line at $30.
Comments
Thank you🙏🏻
Vojtěch Šimeček
2024-02-06 19:45:38 +0000 UTCIt is the width of the channel and use Fibonacci to find the first target
Gareth Neary
2024-02-06 19:42:22 +0000 UTCHow do you come up with these levels sir please? Is it fibonacci, or support/resist levels?
Vojtěch Šimeček
2024-02-06 18:27:06 +0000 UTC
