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Match Group, Inc.
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$MTCH Match Group Oversold - finding support around $37.50

Oleh Triple_Barrel_Capital
MTCH Match Group Oversold - finding support around $37.50

Disagree with this steep sell-off. Facebook DAU demographics have shifted more and more toward middle aged adults. Most people of dating age, 20s & 30s, are using FB less and less. The type of people who would use Facebook to meet people to date are already using Facebook to meet people to date. This new functionality just formalizes it. Not too mention Match works on a subscription model with most customers fairly committed to the brand for the foreseeable future.

Buy the fear and panic selling
Chart PatternsFacebook (FB)MTCHTrend Analysis
Triple_Barrel_Capital
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