I'm expecting a compression before a positive breakout
Its Trend(OBV) displays squeezes in both Bollinger band and Donchian channel in a bullish zone (above 20) of the True Strength Index.
So I'm expecting that MTCH may compress to build up its potential energy which helps make a positive breakout to a new ATH.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!
So I'm expecting that MTCH may compress to build up its potential energy which helps make a positive breakout to a new ATH.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!
Penafian
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