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Channibal
Oct 3, 2016 11:49 PM

MTCH - Long - Swing Long

Match Group, Inc.NASDAQ

Description

+ High vol. breakout last week
+ followed by multiple days of narrow range, sideway, movement, with contracting volume
+ support from 5ema
+ trend intensity turned bullish since last week
- earnings is 3 weeks away; possible that prices will remain range bound w/ fake break-outs, leading up to the earnings release
: Target is a bit aggressive depending if you want to exit before earnings; if there are enough gains, once might stay through the earning release

Order cancelled

Setup broke down; cancelling trade.
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