LendingTree, Inc

On the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:

1) You know why..

2) RSI resistance breakout.

3) Multiple oscillators print positive divergence with price action. More or less all of them.

4) No stock splits.

5) Some other things, will say elsewhere.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: investment
Risk: <=6% of portfolio
Timeframe:1 month, no rush.
Return: no idea
Stop loss: will say elsewhere

액티브 트레이드

Support confirmed.

노트

GRM support now confirmed

노트

30% return one month later, time to sell? Will say somewhere else!

액티브 트레이드

Close swing trades, on support

노트

support confirmed.

액티브 트레이드

노트

At resistance... will it break?

노트

Resistance cracked. Onwards and upwards.

노트

A return can now be estimated following the wedge breakout, which is somewhere over 400. If you capitulated at the $10 area, you can wait for the next higher low to print.

액티브 트레이드

Up 130% so far.

노트

up 160% now.
Earnings report is coming soon. How do we already know it will be positive?

액티브 트레이드

Past resistance confirms support.

액티브 트레이드

** price action confirms support on past resistance **

Currently up around 200%. Continue long positions until price action nears the $500 area.