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

Trade active:

Support confirmed.

Comment:

GRM support now confirmed

Comment:

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

Trade active:

Close swing trades, on support

Comment:

support confirmed.

Trade active

Comment:

At resistance... will it break?

Comment:

Resistance cracked. Onwards and upwards.

Comment:

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.