Based on 50% retracement I foresee Rumble heading lower before it goes back up.
Setup an alert for 4.8 to go long at the next best discounted fair value.
There is also an opportunity to take the short ill then from current position if you will.
Happy Trading,
The only purpose of this SPAC is to legally steal money away from shareholders. After 15 minutes of reading I found some pretty abhorred stuff. The dilution will be epic.
Here are the highlights:
"As of September 30, 2023 our cash, cash equivalents, and marketable securities balance was $267.0 million..., we expect our strategy will require us to consume a...
Hi guys. As always, im on the lookout for macro developments or signals found in assets. Which pose for high probability/ best scenario for taking positions.
Rumble (RUM) is on my radar for this idea post.
My analysis is on the 1 week timeframe.
As you can see RUM has been in a Descending channel since Feb 2022.
Recently we reached the bottom of the channel at...
The Line Chart depicts the pattern which is Bullish.
Rumble Shares Jump After Offer to Buy, Operate TikTok in the US.
Lets Trust the pattern plays out. Possible Targets can be seen on the Chart.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
If you appreciate my Chart Studies, Smash That Rocket Boost Button....
Rumble (NASDAQ: NASDAQ:RUM ) is making waves in the tech world, with its shares surging 21% following two major announcements. The streaming video platform, known for its stance on censorship-free content, has expanded its horizons by venturing into cloud computing services. Moreover, Rumble's bold ambition to acquire TikTok adds another layer of intrigue to its...
This is a complex pullback, which has a failure test included (tick below the horizontal line). Then it followed with an inside bar, which was taken out today. I have taken a position but if closes back below yesterday high then I will be out by eod. About 2 r/r
Here is a weekly chart of Rumble from Dec 2021, clearly in a bearish channel. Although up 40% today, it is still not out of this channel. Wait for the breakout to go long. If it cant break out, short the reliable downward trend.
In a strategic move to solidify its position in the ever-evolving digital landscape, Rumble, the high-growth video platform and cloud services provider (NASDAQ: NASDAQ:RUM ), has announced a groundbreaking partnership with Barstool Sports, a renowned sports, lifestyle, and entertainment brand. The collaboration not only brings exciting opportunities for Rumble...
Analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $0.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
Rumble has been bouncing up and down from clear looking zones. Rumble bounced from support this week and is looking bullish!
Trade safely!
Let me know what you think!
Hey Folks!
I think Rumble will gain more buzz next month, for now still floating under the radar.
No news from the company since June 20th. It was positive news regarding RFK Jr. joining the platform, but the chart is dying for some material news.
Overall, I think the macro looks balanced for a move, but needs to pick a direction.
Each micro pattern seems...
Hey Folks.
Some new ideas.
I highlighted previous divergence on the 1 hr, which lends me to believe the overall bullish divergence is playing out.
As for the current structure. I highlighted a small Head and Shoulder that has potential to form an Inverse Head and Shoulder. Left shoulder at $8.88, the 1 cent head at $8.87 and a potential $8.88-$8.89 right...
Hey folks!
I am fairly exclusive to Heikin Ashi candles for my TA, but I will also use standard to scan for gaps.
I found this one at $12.71-$12.91, and was only able to spot this subtle gap on the weekly chart.
Recovery of this gap will bring some symmetry to the chart, and the GOP debates are the catalyst to back up the move imo.
Happy Trading!
OnePath
Seems to be in a 50/50 holding pattern, but the bullish divergence is keeping me convicted in a move higher.
Price appears more coiled than 2nd week of Feb as well.
Not financial advice.
Happy Trading!
OnePath
Larger Pattern - Triangle and Upside Risk NASDAQ:RUM
In the making now for 5-6 months. Projects to ~$14.50 on a bullish resolution but would need to give it up to 6 months to achieve that level. Assuming this target is achieved then the overall downtrend line originating from the all-time high becomes the next technical target which is above $15 and declining...
I expect retest of 18.50 + level and New All Time Highs in 2023
See chart key indicators all lining up
resist. 10.43
resist. 10.17
resist. 10.03
supp 9.78
supp 9.45
Company is growth is phenomenal all metrics
KPI's
Active daily users ,, MAU, hours spent etc
If they can keep taking market share off Youtube could be a 100 dollar stock in making
Trading...
Roadmap of RUM possibilities. Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend, usually resulting in reactions.
