MATCH 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.
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.