MTTR trade ideas
MTTR - strong trend underwayAfter hitting into a prior ATH (All-Time-High) @ 28 on 16 Nov, MTTR began consolidating within a wide bull flag that would have shaken out the weak bulls. It wasn't until yesterday that it finally broke strongly out of this bull flag to a new ATH on huge volume. A strong trend is now underway (some minor retracements now and then is still to be expected).
Congratulations if you had already jumped onboard prior to yesterday's big move. Any near term retracements to those fib levels shown or the formation of bull flags or pennants would be an opportunity to stake, with initial stop loss about $1 below the near term support @ $28.
The market is on tender hooks again due to new covid variants (will this ever end?). However a chart that is strong is likely able to weather through the volatility with retracements within normal limits. Let's see if this works out.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
MTTR trade idea - DROP comingOverall, I think this company has a lot of potential with the metaverse, however, it's a long way out. Here is a short term trade opportunity that may present itself soon.
Maybe on the 22nd about an hour or two after often look for a short entry down to $22, for the week of the 26th.
Buy the dip @ $22, and see how high it takes you over the next few days.
Thoughts?
$MTTR all set for 25 plus$MTTR is all set for 25 plus, I think we can see it in next 1-2 weeks, #PlanYourTrades
MTTR idea to test- for a swingAbove the long term, IPO swing high
Stage 2 candidate - breaking above the base - lets see how if the broad market supports
Bearish Alternate Bat Visible on the Weekly in MatterportWe have a volume spike at the PCZ of a Bearish Alternate Bat pattern on the weekly and i will be looking to fade this move by buying the 17 DC 21 25 PUTS here.
lovely setup here 💰 triangle breakout on mttr followed by a successful retest, now we are looking for this resistance to hold as support and then a move to new highs.
goodluck, like and follow for more🍿
MTTR - Possible reversal points if it pullbackLast run had a reversal zone at 0.382 fibonacci. Afterwards bounced off EMA50 twice.
From last run the 0.382 fibo line is near 23 (-17% from now). EMA50 approx -24%. Look for one of these for next reversal.
Stocks to Watch Relative Strength Edition The Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
MTTR - Long ReloadFeels overextended, could continue up but wouldn't buy here
Waiting for that $16-20 region. Would ladder buys there $20, $18, etc.
MTTR- Broke out the Cup with handle with in the channel
MTTR - Formed the wider cup with handle.
Ascending channel.
Again cup with handle with in channel.
It reached the resistance .
Above resistance is very bullish
$MTTR Pulling Back and Basing Around its 50 MA$MTTR pulling back to its previous base and forming a cheat area around its 50 MA
Strong accumulation and starting to quite down
Orange bars are illustration of what I would like to see for me to get very interested. Adding it to #TAPLOTWL
MTTR - 4H :: Trend line - Canal BullishThis stock is in a strong uptrend, indicating a short term appreciation. However, it can also be a good opportunity for the long term, as it is a new asset and a promising company.
Looking at the RSI and the trend in channel;
I projected the support and resistance to get and idea of the TP.
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Este stock está em um forte tendência de alta, indicando uma valorização a curto prazo. Entretanto, pode também ser uma boa oportunidade para longo prazo, já que é um ativo novo e de uma empresa promissora.
Observei o RSI e a tendência em canal;
Projetei o suporte e resistência para ter uma ideia do TP.
9/19/21 MTTRMatterport, Inc. (MTTR)
Sector: Technology Services (Packaged Software)
Current Price: $22.25
Breakout price trigger: $19.60 (hold above)
Buy Zone (Top/Bottom Range): $19.60-$16.40
Price Target: $24.00-24.40 (1st), $28.00-$28.90 (2nd)
Estimated Duration to Target: 9-11d (1st), 47-52d (2nd)
Contract of Interest: $MTTR 10/15/21 25c , $MTTR 11/19/21 30c
Trade price as of publish date: $1.20/cnt, $1.10/ cnt
MTTR: WILL THE TRIANGLE BREAK TO THE DOWNSIDE OR UPSIDE? MTTR:
I see a potential bull flag, and a symmetrical triangle within the bull flag which allows for a good entry to whichever direction it decides to break. If the sym. triangle breaks higher, target the 1:1 fib extension at 17.69, if it breaks lower, target bottom of channel at $13.30, either way you can book profit from the wide swings.
MATTERPORT IPO DEBUT w/ some TA on the 15 minute chartToday Matterport previously GHVI changed its ticker to MTTR and had a decent open with about 1.5 million volume up until it was debuted on CNBC by the anchor Josh Brown. Then we saw a huge pump up from that area and about 3-4 million volume traded after he said he wants to buy after earnings happen. He is bullish on Matterport but also wanted to wait for earnings to add. We have a few stages of the DE-SPAC process to go through here that can help a long term investor DOLLAR COST AVERAGE down.
Pipe dump, Warrant Redemption, Insider Lockup periods, and whatever else in relation to that process.
This made for decent long and short momentum plays today. A lot of swings came in hot on the CNBC news and sold off on the momentum and a lot of puts and shorts came in on that momentum to take over as the double top was confirmed. We saw the bulls and bears fighting at close to hold $15 which is broke to $14.96 end of day.
Was quite exciting to watch it all go down!
