Mometum
Get your match on profitsToday I will be analysing Match Group. For everyone who doesn’t know this company they are creating and managing many dating platforms one of their well-known is Tinder. Cashflow comes from subscriptions (like Tinder Plus) and other services.
Buy Signal
-support at 129.46$ (3 times)
-daily RSI oversold area
-daily MACD indicates slowing selling pressure
-current price is below analyst estimates ->>> TipRanks: „The average price target is 175$ with a high estimate of 190$ and a low estimate of 148$.
-Bumble (same industry) reported good quarter few days ago-> positive momentum
Sell Signal
-under the SMAs
-RSI/MACD weekly+monthly indicate downtrend!!
-misled earnings by -15%
-potentially Delta-Virus result in new lockdowns
Conclusion
I think this is a great company with a nice discount, in addition, the Wall Street/analysts like the stock too if we look at what %-rates the stock recovered from the March Lows that makes total sense.
So, I would be willing to buy at the support of 129.46$ (109,90€) with a tight stop loss of 122.18$ (108.82€) and a price target of 145$ (123.06€) which would be a +11.79% return. This number is approximately the mid of the parallel channel but at the same time I took it because of the past reaction contacted support line where it every time bounced 11.79% up in just 3-4 days which indicates the importance of this line.
Go Long NTPCNSE:NTPC
Simple analysis for NTPC on daily chart
1. Price crossing resistance indicated by the black line as well as the 200 day moving average indicate by the blue line
2, Volume above 20 moving average
3. RSI above 60 indicating good momentum
4. Big green candles
5. Minimum target indicated by the black line and fibonacci extension ration 1.618 i.e Rs. 115 if the upside continues (which is likely to continue because of the price breaking 200 days moving average as well as resistance.
Stop loss can be 200 days moving average.
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Eth MomentumIncreasing upward pressure within the downward channel, (1,2,3,4). Log trend shows a rapid decline, which may result in a short term rebound. Constant rejections at the downward trend line. My advice is to make a fundamental analysis regarding ETH and enter your position based on your perceived intrinsic value. My current evaluation for Ethereum is $300 Long term.. for anyone curious. 4Hr chart.
OSTBTC Triangle Breakout! | 65% Profit MakingPrice action has broke the Descending Triangle Resistance with High Volume. Also, There is a wedge which resistance is not yet broken.
If the strong uptrend is sustaining the price above 175 then there is an buy oppurtunity.
For now, I believe price will test 141 and then reverse!.
Good Luck!
Constance Brown Composite Index, RSI, DOSC Exploration Preliminary exploration of Constance Brown's trading style with a focus on divergence plotting with the Composite Index, RSI + Averages, and the Derivative Oscillator.
first, hide the price action + derivative oscillator so they're not visible, and only the RSI + CBCI are visible:
next, plot vertical lines where the CBCI (gray) crosses above or below it's two moving averages (sma11&33, aqua and green):
then, use the CBCI to spot divergences on the RSI, as an indicator of an indicator to spot divergences.
The CBCI was designed to have momentum + not be range bound and to work to spot divs on the RSI, as follows:
then draw the vertical lines from the crossovers on the price action/candlesticks and unhide the chart:
label/check each divergence and unhide the derivative oscillator:
then, mark on the derivative oscillator zero line crosses + directional momentum changes:
Filter out the majority of derivative oscillator zero line crosses and directional changes that occur during div periods that don't overlap:
Finally, filter derivative oscillator signals to congruence to divergence type and plot on chart:
XRPUSD (RIPPLE) POTENTIAL LONG OPPORTUNITY RIPPLE POTENTIAL LONG
I have been monitoring the cryptocurrency markets lately and Ripple has now officially caught my attention, and I'm sure the attention of others, this is why I wanted to make a post on it. Based on this last weeks volume I had seen a very strong momentum push by the buyers showing me the very strong interest in a potential purchase in this currency pair. Lets take a look at my analysis on it !
1W Chart:
*if you look on the weekly chart you can see the biggest push of momentum in MONTHS
*buyers had showed very strong interest from the .20-.25 cent and had sent price up into the .80 cent levels
*weekly candle has left a very large and strong bullish candle
1D Chart:
*on this chart price had broken structure around the .47 cent price area
*look for a weak seller pullback if we see one back into the .47 cent price levels
*watch for strong buyer momentum in this price are
Always make sure to approach the markets with a consistent and disciplined approach. It's about letting the market tell YOU what it wants not YOU telling the market. Make sure to always implement good risk management into every trade and approach it as a strategic business decision.
Keep an eye out ! Cheers!
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