I have been stalking the name for a while, because it looks interesting...
Put a double bottom at $17.5, went 2x, broke the neckline=$30s and know tries to hold above. Above all major MAs@daily, weekly timeframes.
The most interesting part is that it did all that while Qs and similar tech names are getting annihilated.
Add to the relative strength vs market the ~10% short float, and a long is justified, at least for a trade.
-- Got long at the opening flush to support $30, risking $27.5s, a bit more than 1xATR=$2 below the support pivot=$30
-- Expecting buyers to defend $29.5-30 area, and $BMBL to push higher, esp. if market tries to rally from here.
-- I would like to add another half tier if it starts holding above $30 to the penny...
-- Main target $39
06-17-2022
Flat per plan...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-16 09:56:48 | BMBL | buy | $30.110 | long |
2022-06-17 10:41:04 | BMBL | sell | $27.380 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!