Bumble shows weak development in a falling trend channel in the medium long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors.
An inverse head and shoulders formation, however, is under development. A decisive break of the resistance at $15.15, ideally with an increase in volume, signals a further rise. The stock is testing resistance at dollar 15.30. This could give a negative reaction, but an upward breakthrough of dollar $15.30 means a positive signal.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.