Fairlead Strategies Idea Generator
Bumble (BMBL) & Updates (APH, VALE)
To protect gains in our existing ideas, we are tightening stop-loss levels for Amphenol (APH) to $76 from $72, and for Vale (VALE) to $14.40 from $13.20.
Today we highlight dating app company Bumble (BMBL) given recent improvement in its stock chart:
BMBL saw a strong bounce after holding $20.50 support last week, followed by a close back above the 50-day MA. Short-term momentum favors a breakout above the 200-day MA noting the weekly stochastics point higher and the weekly MACD has a new “buy” signal.
A breakout above the 200-day MA would further a potential basing phase in BMBL, with long-term downside momentum having alleviated over the past several months, creating a positive divergence on the chart.
With minor upside follow-through, a Fibonacci retracement level near $31.90 would be targeted. We recommend the use of a stop-loss discipline, closing out long positions upon two consecutive daily closes below daily cloud-based support near $23.75.
Bumble Inc. (BMBL)
Target: $31.90
Stop-loss: $23.75
Hi Sandeep, we will definitely do our best to get them out during market hours but sometimes can't with our other research taking up a lot of time too. As for position sizing, that's a question more appropriate for your own advisor if you have one, as it would require knowledge of your risk tolerance and complete financial picture, which isn't something we can do in this forum. Best, Katie
Ms. Stockton, I have followed your work for many years on CNBC. I just joined and had I known you offered this service on Substack, I would have joined when you started it. Thrilled to be here and get access to your many years of experience and knowledge. Thank you for starting this!