MTCH Breaks Bearish Order Flow with Bullish Energy Candlestick
MTCH Match Group inc Stock Chart 12-16-19
MTCH Match Group Inc showing signs of reversing bearish order flow with a new bullish energy candlestick on Friday afternoon.
Stocks tend to dance around until the smart money decides a value area has been reached. After nearly four months of selling the stock has started closing above the open with consistency.
This means institutions are starting to purchase the stock, and "hold the bid."
Holding the bid tells us there are new buy orders after the open, typically executed by the institutions. Next we can expect "well-bid" candlesticks.
I'm looking for a profit target of $81 on a new long.
Pete
PS: Here's today's scan of stocks that meet bullish criteria and closed strong.
Stocks rise as investors cheer preliminary U.S.-China trade deal
LONDON (Reuters) – World stock markets rose on Monday, trading a notch below a record high hit last week on the back of a preliminary trade deal agreed between the United States and China.
reuters.com/stocks-rise-preliminary-u-s-china-trade-deal
Why Bull Market Investors are ‘Scared to Death’
Even with stocks continuing to dance around record territory, investors aren’t just cautious, they’re “scared to death” of what’s next, and that’s great news for those hoping to keep riding this aging bull market well into 2020, according to Jeff Saut, chief investment strategist at Capital Wealth Planning.
“Central banks of the world are printing money, and that’s all you really need to know,” Saut told CNBC in a recent interview. “Secular bull markets tend to run 15 to 20 years. They’re not interrupted by 20% to 30% declines.”
marketwatch.com/bull-market-fear
Netflix Shuns Commercials, but It’s Cozying Up to Brands
While it is the dominant streaming platform, with 158 million global subscribers, Netflix also has a $12 billion pile of debt. And it is facing competition from deep-pocketed streaming newcomers like the Walt Disney Company and Apple.
The research firm eMarketer said this month that Netflix’s “days at the top may be numbered,” and many analysts and executives wonder if, in order to keep its revenue strong, it will have to embrace ads.
nytimes.com/netflix-commercials
ADDITIONAL READING:
Visualizing The World's Stock Market's Performance For The Past 30 Years
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