Bumble Inc.Long
BMBL Bullish Confluence
We see higher lows since March and the ADX at 26 indicates the start of a strong trend.
The Force Index curling up shows building momentum. Price tested the .38 fibonacci level and closed just under the descending weekly trend line closing as a bullish pin bar.
In addition the 20 EMA is crossing the 200 MA and the 50 MA is rising and will likely form a " golden cross".
The confluence of all these bullish signals points to a rally.
target $41.95, $46.72
The Force Index curling up shows building momentum. Price tested the .38 fibonacci level and closed just under the descending weekly trend line closing as a bullish pin bar.
In addition the 20 EMA is crossing the 200 MA and the 50 MA is rising and will likely form a " golden cross".
The confluence of all these bullish signals points to a rally.
target $41.95, $46.72
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