$BMBL - WATCHLIST -
Added 2024-05-14 09:54:00 +0000 UTCThis is not a meme stock but it has a perfect set up to move higher, very quickly and has good fundamentals.
After reporting a positive bear last week, the price is up over 10% and broke out of its small, wedge, 50 Day MA and its larger wedge.
Price is comfortably holding above the larger wedge now too.
Since reporting earnings, they are now in profit and have increased their margins to a net profit of +2%....which is what we wanted to see from their earnings.
Their FWD PE is also 10 now which is impressive.
I think there is a realistic route back to the blue line at $15.56 and I will add the impulse waves when Wave 1 completes.
Comments
When is a good buy? Now or should I wait for a retest on the wedge?
Or
2024-05-14 10:40:17 +0000 UTC
