CoStar Group, a leading provider of online real estate marketplaces, has announced its definitive agreement to acquire Matterport ( NASDAQ:MTTR ) in a cash and stock transaction valued at $5.50 per share, reflecting an estimated $1.6 billion of enterprise value. Matterport ( NASDAQ:MTTR ), the global leader in immersive 3D digital twins and artificial intelligence...
there are long waves in this holding it steady, and theres a large amount of it to the upside, but with each wave brings profit taking, and this market structure suggests those highs are being sold into. i would look for this to continue all day.
This is a position I have held for a while with a 3.5$ strike price on MTTR, Matterport. This call setup follows a cup and handle formation and breakout of medium term resistance, increasing volume and RSI.
NASDAQ:MTTR IF breaks out, then I'll want to be a buyer at the back-test, as shown. Same price as now, with less risk.
Big {stage 1} consolidation with a chance for a {stage 2} breakout. The increased volume over the last week is a tell.
This was a 2021 Bubble Darling, where all the low-tech Boomers were battling hand over fist to put Liquidity in.
Now that its under 1 billion market cap, the additional downside is very minimal... perhaps $2.00
The upside for a reflexive short squeeze is appealing. This company has strong name recognition and an understandable narrative to sell.
$3.10...
$MTTR is at an all time low, 60% lower than where price first began publically trading.
Perhaps we will see it trade towards $12.5 again.
Not financial advice
Ok so Zero is a bit of an exaggeration but it is on track to breaking down to a minimum of 4 dollars and 77 cents (aka the 1.618 Fibonacci extension) if it breaks the support of $10.50 and the likelihood of support holding here is very small.
I would stay far away from buying this stock as it's just not worth it to me.
CEO Raymond Pittman: “Matterport is Digitizing the Built World - Every Building in Every Country”
“We're supremely focused on digitizing the built world because it is such a massive TAM: 4 billion buildings, $20 billion monetizable spaces out there once digitized by Matterport…
We're signing all of the biggest residential brokerages in the world and the largest...
Details on the chart.
MTTR has not got good fundamentals so far in terms of financials. But, the product is good and userbase is solid. They are scaling.
The chart looking to start bullish as RDX bullish crossing has happened on weekly along with a positive turning point on CMF.
Not a financial advice.
MTTR showing strength. General outlook of the market is improving. I noticed that MTTR follows the market. So, it is supposed to continue its nature of being a follower.
Not a financial advice.
Looking for MTTR to hit the Upper Bollinger Band.
Open if price hits 3 Day Avg of High.
Stop Loss $6.05.
Target Upper Bollinger Band (Currently $9.68) - Target will be dynamic.
By the way - this is not investment advice...
Charted this out from Study Group on February 3. I knew this ticker from hearing Stu mentioning it in trading chat. The reason it caught my eye is when we started talking about the price action and thinking of a simple trade. We noticed that $8.10 seemed like a safe area to enter the trade and we notice support around the $8.10 area because it consistently would...
mttr breaking below extreme support if we fail to break back above 12 look for more downside. a break over previous support can send it back to 13.75-16.15-19.17. I'm neutral at the moment.
like and follow for more! Heart with arrow
Short term upside on the Daily timeframe and under. Already oversold and Elliott wave to the downside is finished for now. Entry was between 1.618 and 1.786 fib so I'm not playing this.
