Arguably, Bumble
BMBL, Match
MTCH, and Grindr
GRND have an enormous amount of *highly* valuable data on its past and current users. Like any industry, it often simply takes time for this recognition by market makers to occur before price aligns with the "true" future value. If you are an AGI company looking to enhance user companionship with machines and AI bots, these companies hold the keys.
BMBL has low debt, paying users are still growing (caution if recession begins), and revenue is rising. Personally, the value is in the company's data.
From a technical analysis perspective, my historical simple moving average lines are working their way toward the price. Often, this means a rise in price as the lines flatten and then inevitably rise with the trend reversal. However, I would not be surprised if there were some shakeouts in the near-term if the price suddenly dropped near $5 post-earnings, etc. Regardless, it will personally likely be an opportunity to gather more shares. Thus, at $8.34,
BMBL is in a personal buy-zone.
Target #1 = $12.00
Target #2 = $15.00
Target #3 = $22.00
From a technical analysis perspective, my historical simple moving average lines are working their way toward the price. Often, this means a rise in price as the lines flatten and then inevitably rise with the trend reversal. However, I would not be surprised if there were some shakeouts in the near-term if the price suddenly dropped near $5 post-earnings, etc. Regardless, it will personally likely be an opportunity to gather more shares. Thus, at $8.34,
Target #1 = $12.00
Target #2 = $15.00
Target #3 = $22.00
Note
As predicted (no surprise), the price dropped post-earnings. More shares added in the $5 range with a current cost average of $6.91.Trade closed manually
Sold out of original position ($8.34) near entry for a fractional gain and secondary entry ($4.84) for a 55% gain before earnings. While the stock *may* have an earnings beat tomorrow, I think there is too much downside risk in the near-term after the recent gains if their is an earnings miss. I would like to see the stock back between $4-$5 again (or lower) to close the daily price gaps for reentry. Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
