$BMBL - WATCHLIST -
Added 2024-05-09 13:16:23 +0000 UTC$BMBL I spoke about a lot leading up to earnings and highlighted how their margins have been improving, in spite of the decline in share price which is usually the sweet spot to find an undervalued position.
$BMBL is not typically a stock I would recommend but if the set up is there, you consider it and take advantage of it.
Up +10% in PM now after reporting a profit for this quarter which further puts this on the right track.
It has now broke above the small wedge, the 50 Day MA and the larger wedge. A hold above the larger wedge now at $11 will be a position to add or buy if you have not done so already.
I like the risk v reward here at this price.
Comments
I did buy it and set 10.61 STOP LIMIT, I read ER and seems not bad, gained users, bought back 84 millions bucks stocks, later on year planned to introduce more features, let's see!
Shailesh Patel
2024-05-09 16:39:03 +0000 UTC
