Good Short Term Accumulation and Swing ZoneThe long term future for BMBL is unclear, but basing the current price point to the previous RSI and MACD levels I would say the downside risk is outweighed by the upside at this moment. Will be looking to accumulate under $20 and set a stop under current lows and take profit between 25-32. GLHF!!
BMBL trade ideas
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 $52.27.
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15 important things you must know 🎁Hi folks, Yurii Domaranskyi here. Let's take a look at the chart.
1. horizontal levels are working good on the stock
2. globally the stock is in a range
3. the price level was confirmed with an approach to the level
4. this is a distant test of the price level
5. approaching level sharply
6. from local high to the level move more than 25%
7. the stock was accumulating the energy in the range for a long time
8. no accumulation near the level
9. the stock closed in more than 1 ATR to the level
10. level of a pullback, from there, was made a new local high
11. the stock has room for a move
12. no descending highs
13. today was a report
14. the price came from the upper border of the range
15. the price may turn in the opposite direction from the level and go beyond the range
Potential risk/reward ratio = 1 to 5.1 meaning that I'm risking a 100$ with a possibility to make 510$
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Technical analysis (BMBL)Bumble, Inc. (BMBL)
Limit buy - 45$
Target - 58.89
Risk/Reward Ratio - 5.85
Stop-loss - 42.66
Today, after the close of the session, the company will provide a quarterly report and there is a possibility of a price rollback to the level of $ 45, but if the report is much worse than expected, then the price will go to the level of $ 43 and below, so we enter a position by 30-50% of the standard size , the risk is high.
$BMBL good IPO play imo$BMBL has already made a 50% down move from IPO high - a pattern I myself have observed to be working really well. I applied this observation to the $HOOD play and it worked really well.
$BMBL printed a very good-looking 9 day above TDST support a few days ago.
Looking to buy this reopening play. Other dating stocks should also be on watch. I currently am holding a reopening play $ABNB and it is working well too.
BMBL - decision momentBMBL - we have a wedge here and we don't know yet which way the stock will break it.
In the strong bullish market it could go up, but now we are in very cautious market which is not favorable to growth companies. After weak earnings there is much more chance that the stock will go down 20-30%
BMBL Snapback bounce off resistanceBMBL has now had its 8th consecutive green day, it has now met resistance as well as being over the upper bollinger band and overbought being greater than 90 on stochastics. With all these elements at play i believe there will be a snapback bounce off this 58-60 level back down to true range around the 53 area.