I highlighted this chart the other day to show that this was moving towards the breakout level as it leads to its earnings report later on today.
A break and hold above $7.50 and a clean $BMBL earnings, with an increased in net margins and $BMBL has a move back up to its 200 Day MA at $10.
There remains risk here but this is a very long descending wedge and we have seen lately, whereby breakouts of this nature have done very well reversing.
Don Leo
2024-11-06 14:19:46 +0000 UTC