MEET still has room before reaching its ATH of $8.11.
It's starting to look overvalued with the near-vertical moves and the RSI beginning to move into overbought territory. There could be a short-term correction but the overall trend remains bullish.
Price hugging 3 month old uptrend line at $5.09 with support line at $4.92.
First target at $5.42 resistance from recent tops over past couple month.
Second target is high point at $5.99 made from volume surge on Dec 16th.
Oscillator launch pad set ups are there with stochastic in oversold reading along with turn up with RSI
BUY under $5.10 with SL at $4.90 ...
Hi, today we are going to talk about MEET and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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The stock is consolidating off recent lows and price is crossing through the 50 MA. Watching for entry on a multi day swing. Financials are solid and company is growing long-term. This trade could be derailed by the upcoming ER on Ayg 28th. Target $4, Stop is triggered when the 10 EMA crosses below the 21 EMA. Good Luck.
Possible trading opportunity in the beaten down media stock tomorrow after getting a outperform rating from Oppenheimer and a 100% upside price target of $7.
AVERAGE ANALYSTS PRICE TARGET $7.31
AVERAGE ANALYSTS RECOMMENDATION BUY
The Meet Group, Inc. engages in the provision of mobile social entertainment apps designed for human...
Potential short on MEET entry around the $5.00 range. Assumed down trend continuation after price had broken down short term support level. Small volume leading to light traction being made for potential upturns.
Trade responsibly; TPs and SLs.