BMBL – When Will The Bleeding Stop?NASDAQ:BMBL has been in a strong downtrend since launch, and could potentially rebound at some point. I personally prefer to stay away from these types of charts, but if they start showing some bullishness maybe there could be a trade setup later. The price is trading near the lows of the range for anyone who wants to take a shorter term trade, I’m personally just looking for better opportunities.
BMBL
Hidden Bullish Divergence Potential Short-Term Long OpportunityIntroduction:
This technical analysis focuses on the 4-hour (4H) chart of Bumble Inc. NASDAQ:BMBL and identifies a prominent hidden bullish divergence confirmation. The analysis aims to provide insights for short-term traders seeking potential long positions. Notably, a strong resistance level at 19.95 adds significance to the analysis, as a successful breach beyond this level may indicate the possibility of further upward momentum, potentially leading the stock towards its next major resistance level at 28.12. The clarity and strength of the hidden divergence confirmation make it a noteworthy indicator for traders considering a perfect long position in NASDAQ:BMBL
Hidden Bullish Divergence Confirmation:
On the 4H chart of NASDAQ:BMBL , a clear and robust hidden bullish divergence confirmation is observed. Unlike regular bullish divergences, hidden divergences occur when the stock price forms a higher low, while the accompanying technical indicator, such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), forms a lower low. This divergence suggests that despite the stock's lower low, the underlying buying pressure is increasing, indicating a potential bullish trend continuation. Traders often use hidden divergence patterns to identify opportunities for short-term long positions.
Strong Resistance at 19.95:
The 4H chart reveals the presence of a strong resistance level at 19.95. Historically, the price has encountered significant selling pressure at this level, resulting in pullbacks or periods of consolidation. Therefore, this resistance level becomes a pivotal point for traders to monitor closely. A successful breakout above 19.95 could signify a shift in market sentiment and a surge in buying activity, potentially leading to further short-term gains.
Upside Potential:
Should NASDAQ:BMBL surpass the resistance at 19.95, the analysis suggests a possibility of further upside potential with the stock aiming towards the next major resistance level at 28.12. While this level may pose another significant challenge, a successful breach beyond it would indicate considerable strength in the upward trend. Traders may consider capitalizing on this potential momentum for further profits.
Conclusion:
In conclusion, the 4H chart of NASDAQ:BMBL exhibits a compelling hidden bullish divergence confirmation, suggesting a potential short-term long opportunity. The existence of a strong resistance level at 19.95 adds importance to the analysis, as a successful breakout beyond this level could pave the way for further upward movement towards the next major resistance at 28.12. Traders should diligently observe price action and key technical indicators to assess the strength of the trend before considering a long position. As with any trading decision, risk management and consideration of other relevant market factors remain essential for prudent decision-making.
Queen Bee & the Gap. Path to TargetThis has been trading nicely and I wanted to post a most likely path to target from here:
** Initial Target 47 by July 15, 2022
If you're playing the options you might be interested in how it will get to 47. There are a few factors at play here from a technical perspective that make the probability of success here very high.
- I don't use bollinger bands often but they have their utility for gauging explosive breakouts from narrow ranges, and for continuation plays (BMBL is the latter)
- The purple downtrend lines represent resistance (solid = has yet to be tested/broken, dashed = recently broken)
- The black rectangular boxes are price consolidation zones around critical levels, the 9 day sma is used here as a timing mechanism, and the RSI is useful for gauging the strength of the momentum
- the horizontal red dashed line is something I call a capitulation zone (defined by a run of consecutive (>=5) red bars, highlighted oval); the orange dotted line is the gap boundaries
Back in March there was a failed break of resistance due to momentum not being strong enough - my interpretation is lack of quality of share ownership at the time AKA weak hands. The technical signal that this was going to drop from there was RSI cross bearish and the 9 day ma falling out of the consolidation zone.
Following this failure to breakout there was a capitulation period where those weak hands were taken out aggressively. In May the price exited the cap zone under new ownership (strong hands) and the risk of selling pressure on next breakout attempt was reduced significantly. It formed a new consolidation zone right around the downtrend resistance and broke out when the 9 day moving average exited the top of the consolidation zone (RSI was also in good form).
Now BMBL can ride support up to test the next downtrend resistance just below the gap. The path I drew in is what I am expecting to see in the price action (i.e. price will be in the next consolidation zone around June 17 and attempt to repeat what happened on the recent breakout). This time it will need to have the volatility going into the consolidation zone to put buying pressure on both the overhead resistance and the gap - otherwise its out of the frying pan and into the fire... BMBL has this based on the bollinger. What I want to see is RSI (purple) and its moving average (yellow) get tangled up above 70 - that is a true sign of strength (don't mistake that for oversold, it actually needs that kind of momentum to truly breakout and fill that gap).
Based on time series model that I adjusted for the expected intermittent consolidation period, my time to initial target of 47 is by July 15.
I am personally in the July 15 35.00 calls, but this ain't financial advice. Also, I say "initial target" because I will have to re-assess based on how it trades around the gap. Long term I think this goes a lot higher.
Best,
George Sand
Bumble | BMBL | Short to Gap FillBumble ( NASDAQ:BMBL ) jumped well over +40% on an earnings miss... While it may have "new news" life in the coming days as analysts slash their targets and headlines declare "stock can surge nearly 200%" (source: CNBC)... it is likely to fill the gap or partially fill the gap below ($17.13 to $29.28) before truly making a *long-term* move higher. If the rally continues this week, though, it may test $25.50 or could go as high as $28 (50 EMA) or even $29.50 (near the resistance of the falling wedge). Regardless, the March 2022 Fed meeting and OpEx are next week. I can see the rally news fading rather quickly and this correcting to fill or partially fill the gap in March or perhaps early April.
Q4 2021 Earnings Details: (source: Google Financials)
Paying users = 2.98 million (Estimate of 3 million)
EPS = $0.02 (Expected = $0.10, Surprise = -76.92%)
Revenue = $208.22M (Expected= $209.18M, Surprise -0.46%)
While Bumble and Match likely have great futures and long-term growth in the dating world, it's possible the Bumble post-earnings rally is only temporary.
BUMBLE INC - BULLISH DIVERGENCETexas-based Bumble is a women-first online dating app that allows women to make the first move. It has millions of users across the world.
The company recently announced the acquisition of Fruitz, one of the fastest-growing dating apps in Europe.
In a short term, we have a descending price channel on a 4h time frame and ascending RSI forming a classic bullish divergence and a possible test of the resistance.
In a long term, BMBL has a strong buy rating with an average stock price target of $52.27.
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BFLY - SELL OFF BEFORE EARNINGS MONDAY FOR PROFITS? I SEE 10-12+All,
No bad news just a big dip here .. I think minimum we see a 10% move here to retest significant break. I personally believe this stock after ER will go $12+. Would not surprise me AT ALL if hedges etc are seling out here to re buy in down here to make some big profits come ER. Watch for big candles next few days.
see my last post very similar sell off.
Time proves how accurate is the analysis!I asked my followers not to participate in any opening day, why???
because I reviewed all the IPOed stocks in the past 3 years..! 80-85% will go down between 30-90% in a couple of weeks or months..!
Even big names did the same, do not believe ??? continue reading:
this is the result of research-backed trades..!
Interesting? not?
Learn From Past Experiences, History repeats itself in different ways!
don't believe it?
look at this:
Still don't believe?
I can not do anything to convince you not to put your money in the wrong place, you are good prey for the wolves of Wallstreet.
Evidence base trading..!Most newbies make a great pray case for the WOLVES of wall street (venture capitalists).
Please review all the opening days, in last 3 years, soon you will find out you can buy the new stocks, 30-90% cheaper in weeks or months..!
Let wolves and Algorithms rip each other apart, then we will join for the real play.
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come!
Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months!
I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks.
It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital.
1st day IPO = Bubble burst..!
A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia)
BMBL chart is 30 minutes, others are weekly charts..!
Please write your experiences of participating in IPOs in comments
BUMBLE IPO -- $10 MOVE; CHEAP DATE!
Time to watch another IPO NASDAQ:BMBL
Usually the initial daily price range of anything that has zero history, will give strong support and resistance levels the 1st time they are met, with profits zones back to the opening daily range.
That said, as the chart suggests, I'm looking at $88 as a topping out point AND OR $61 as a bottoming point, both giving the potential for a $10 (10%+) play.
*There is a temporary price level that could be used for support and or resistance going either direction. Certainly a point to watch, if its needed.
*This is my trade idea and not considered as advice*