$BMBL - RC -
Added 2024-07-25 12:59:56 +0000 UTC$BMBL showed promise in May after its positive earnings beat and bounced above its 50 Day MA, managed to show some strength but on the 50 Day MA retest, the price could not hold support and it has been on a slippery slope since.....formed another downward wedge and likely to continue testing the bottom trend line as it moves lower.
Earnings are due on the 7th of August, if they can turn a profit from this report and the market accepts a turn around here, the price action could be reflected by this.
The 50 Day MA at $10.70 remains the important level to be flipped to support in order to confirm a reversal.
