When a stock makes a Large Candle move on Bullish fundamental newsflow, then that stock delivers strong follow through move in weeks and months to come.
Case Study: Match.com
The company launched Tinder Gold in August, a feature that costs $5 a month and gives users the ability to pre-sort their matches based on who's already liked them
Match.com stock made a Big Bullish move on the news. I covered it on twitter back in September
— Deepak Singh (@smarket) September 15, 2017
Match.com is the world's leading provider of dating portals and apps. It's most popular one being Tinder. The Street is very bullish on the Tinder app and expects that the company could generate $1 billion in paid subscriptions from app by 2022, up from $175 million last year. This belief that company now knows how to monetize app will generate momentum in the stock.
Here's where Match.com stands as of today and it looks like just a start for now:
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers