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...
BMBL - Currently in a weekly uptrend, would like to see s/r zone hold for continuation.
If s/r is lost as support then I expect a move to test it as resistance.
Interested to see if this long squeeze plays out, targets are in orange.
$BMBL - Technology | Software - Application
probably the weakest of the lot I shared today as this only came to my attention today.
but anything with YTD RS high, above all KMA with 3 months base pattern will definitely be in my WL.
Bumble ( 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 $29.28) before truly making a *long-term* move higher. If the rally...
Bumble needs to break this flag trend upwards and we will see a beautiful push up! News could change the way analysis work but this seems to be one to watch!
W pattern has been formed in BUMBLE (BMBL) 1 HR chart. Possible growth till 80$. MACD - Bullish, RSI - 50 zone - room for price raise to reach overbought zone.
NOTE: Not a recommendation. Just an analysis.
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...
