$BMBL - WATCHLIST -
Added 2024-05-07 16:44:52 +0000 UTC$BMBL has their earnings out tomorrow after the market closes.
There has been a small bit of consolidation along the $10 line and has broken out of its smaller wedge moving towards its 50 Day MA.
The reason why I have brought this to your attention again is that I have noticed a continuous improvement in margins but the share price has declined, they are also very close to reporting profit too which I believe can change the trend here for $BMBL to reverse.
I think if $BMBL can break out of this wedge, there is a comfortable route back to $15.50 which was a previous support level.
I think in terms of R v R here, it is an attractive target, a small amount of exposure initially before the reversal is confirmed.
I will consider a position before earnings.
