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 ist aktiv:

Support confirmed.

Kommentar:

GRM support now confirmed

Kommentar:

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

Trade ist aktiv:

Close swing trades, on support

Kommentar:

support confirmed.

Trade ist aktiv

Kommentar:

At resistance... will it break?

Kommentar:

Resistance cracked. Onwards and upwards.

Kommentar:

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.

Trade ist aktiv:

Up 130% so far.