Bumble Posing Positive Returns Despite Current Market Trend

Bumble shows weak development in a falling trend channel in the medium long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors.

An inverse head and shoulders formation, however, is under development. A decisive break of the resistance at $15.15, ideally with an increase in volume, signals a further rise. The stock is testing resistance at dollar 15.30. This could give a negative reaction, but an upward breakthrough of dollar $15.30 means a positive signal.