Match Group Inc

• 2020-03-26
• Traiding Idea

Match Group, Inc. is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users' likelihood of finding a romantic connection. As of March 31, 2017, the Company offered its dating products in 42 languages across more than 190 countries.

Technical Analysis:

Technically we have a Tri-angle pattern has been broken and price pull backed . 

the price rised and has retraced fibonacci retracement 50 % .

and also touched the resistance level of R3 Weekly as important area. last candle closed as a shooting star cadle in daily time frame . with all this reasons we could be considered to open short Position.

Trading tips:

To open short positions, may be open the position  @ 64
TP1:  50 @ S2 Monthly 
TP2:  40