RUMBLE or Fumble. Hello,
Rumors and some heat probably brings you here .
Most of info is on the chart and should be easy understandable otherwise feel free to ask.
My play starts at brake of POC . GL .
RUM trade ideas
Ready to Rumble?Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump, which has caused an internet storm about this very topic, let's analyse Rumble to see if it's a worthy trade.
The technicals suggest a megaphone pattern, which has higher probability of breaking to the upside. We remain below weekly moving averages but the compression suggests we could get a bullish move above this resistance and attempt to break the descending wedge pattern. There is not a lot of historical data on the chart but one can deduce the short term trend is bullish but we must remain cautious due to the larger time frame downtrend.
Fundamentals Analysis
The company went public in September 2022.
Since then, Rumble has seen fluctuating stock performance with growth tied to political events and figures like JD Vance, who are vocal about censorship issues. Its growth projections are optimistic, supported by revenue initiatives like the Rumble Ad Center and new features such as livestreaming, which are expected to drive sequential revenue growth. However, Rumble's revenue figures have sometimes fallen short of analyst expectations, indicating ongoing monetization challenges.
Rumble has gained support from figures like
JD Vance, who has been outspoken about censorship issues. Vance's endorsement bolsters Rumble's position as a platform for free speech, appealing to those critical of mainstream tech censorship. Vance, as a political figure central to discussions around censorship, indirectly lends credibility and visibility to Rumble, potentially encouraging other users who are seeking a less regulated platform to join. This aligns with Rumble's unique market positioning and could fuel further growth, especially in a contentious election period.
Conclusion
The technicals indicate a recent uptrend may continue. My only concern would be the earnings report, growth hasn’t been the best of late so it may take a little while longer for their narrative to play out. But it’s a very pertinent narrative in the current political debate.
Combined with Rumble's rising user base and expanding content the platform's relevance in the current political landscape, suggesting a bullish outlook for user and revenue growth over the next few quarters.
If this topic becomes a hot topic and YouTube are put under pressure, we could get some bullish momentum behind this stock.
Not financial advise.
Ready to Rumble?Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump, which has caused an internet storm about this very topic, let’s analyse Rumble to see if it’s a worthy trade.
The technicals suggest a megaphone pattern, which has higher probability of breaking to the upside. We remain below weekly moving averages but the compression suggests we could get a bullish move above this resistance and attempt to break the descending wedge pattern. There is not a lot of historical data on the chart but one can deduce the short term trend is bullish but we must remain cautious due to the larger time frame downtrend.
Fundamentals Analysis
The company went public in September 2022. Since then, Rumble has seen fluctuating stock performance with growth tied to political events and figures like JD Vance, who are vocal about censorship issues. Its growth projections are optimistic, supported by revenue initiatives like the Rumble Ad Center and new features such as livestreaming, which are expected to drive sequential revenue growth. However, Rumble’s revenue figures have sometimes fallen short of analyst expectations, indicating ongoing monetization challenges.
Rumble has gained support from figures like JD Vance, who has been outspoken about censorship issues. Vance’s endorsement bolsters Rumble’s position as a platform for free speech, appealing to those critical of mainstream tech censorship. Vance, as a political figure central to discussions around censorship, indirectly lends credibility and visibility to Rumble, potentially encouraging other users who are seeking a less regulated platform to join. This aligns with Rumble’s unique market positioning and could fuel further growth, especially in a contentious election period.
Conclusion
Combined with Rumble’s rising user base and expanding content the platform’s relevance in the current political landscape, suggesting a bullish outlook for user and revenue growth over the next few quarters.
If this topic becomes a hot topic and YouTube are put under pressure, we could get some bullish momentum behind this stock.
Not financial advise.
RUM Struggling & aims for $6.00If we start closing high time frame candles below $6.80, the target will be $6.00. It left behind a massive FVG & Single print with the buy side imbalance.
Stay focused.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Yo ho ho and a #BottledUp $RUM (Post IPO Phase Base?) Is this break out real? Paytience Pays as noted with SMCI today...
I do like the "somewhat" inverse head n shoulder base, but its definitely not NEAR as clean as the CVNA Post IPO Phase Base seen here;
This can be a "sympathy" play ie; highly correlated movement, with $DJT...
I like this look with the hype currently building... Great things take time... Don't get chopped to bits before the real move/meat comes.
Just some post boring market day #Thots
RUMA strong impulsive move, unexpected for many traders, is now followed by a three-waves correction (zigzag). Did not reach 62% retracement yet, although.
Looks nice, I will trade the similar wave up
Rumble and iShares Biotechnology ETF Correlation Rumble and iShares Biotechnology ETF an uncanny correlation. I don’t know why it works but it does. Should see Rumble rise to $10 in short order. NASDAQ:RUM NASDAQ:IBB
RUMA very interesting opportunity, IMO. Rumble made a strong bullish impulse on the background of potential buyout news, if I am not mistaken. Followed by a zigzag correction, a simple one, it approaches a nice level to load longs. I think, $5 is a gift. Stop below the impulse.
RUMPotential bull flag forming on weekly. If so, it could reverse off support of 6.50. If that fails, 6.0 is next level support. If that breaks, look out.
Earnings were disappointing, missing revenue by almost $8M and relatively poor future guidance. On the positive side, insiders own over 75% of all shares.
Short term bearish, long term bullish as long as it can stay above 6.
RUM Rumble Options Ahead of EarningsIf you haven`t sold RUM before the previous earnings:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
5/14/24 - $rum - laughable valuation on trends... buyer beware5/14/24 - vrockstar - NASDAQ:RUM - of the 3 options we always have, buy/sell/hold... buying is probably the worst option. almost kind of weird how the stock is worth $2.5 bn in this tape - $100 mm in revenue, 25x sales? gross profit mgn is actually getting worse? they're spending more in opex? $200 mm in the bank and they minimally burn $100 mm this year? look - idk if this is a LT buy - but it's VERY hard for me to understand how the stock doesn't need to have a valuation evaluation done which is massively lower. i'll look to buy some MT puts on this thing closer to the gap below $4 for starters. and i'm being generous with earnings here. i think it's probably worth 5x at most sales and i'll even give them credit for no cash burn and the full $200 mm which would be $500 + $200 = $700 mm - which is 70% lower.
Short RumbleBased on 50% retracement I foresee Rumble heading lower before it goes back up.
Setup an alert for 4.8 to go long at the next best discounted fair value.
There is also an opportunity to take the short ill then from current position if you will.
Happy Trading,
Peak SillyThe only purpose of this SPAC is to legally steal money away from shareholders. After 15 minutes of reading I found some pretty abhorred stuff. The dilution will be epic.
Here are the highlights:
"As of September 30, 2023 our cash, cash equivalents, and marketable securities balance was $267.0 million..., we expect our strategy will require us to consume a significant portion of our capital raised. As of September 30, 2023, we had entered into programming and content agreements with a minimum contractual cash commitment of $123 million"
"The Company is authorized to issue 1,000,000,000 shares".
THERE IS ONLY 112 THOUSAND SHARES CURRENTLY OUSTANDING and an additional 168k locked up (implied shares outstanding 280k)
On top of the extreme dilution, revenues don't even cover the cost to host the site!
Currently valued in the billions I believe this will be sub 500 million after dilution.
Using leap puts to short. The premium is high but despite the expensive premium I believe this is an easy 30% at expiration and potentially much more
Rumble (RUM) Macro developments found looking like a solid buyHi guys. As always, im on the lookout for macro developments or signals found in assets. Which pose for high probability/ best scenario for taking positions.
Rumble (RUM) is on my radar for this idea post.
My analysis is on the 1 week timeframe.
As you can see RUM has been in a Descending channel since Feb 2022.
Recently we reached the bottom of the channel at 3.43 level. And began our recent rally.
We are as of now, in the process of breaking out of this Descending channel.
This is HUGE. The trend is beginning to shift in RUM. So we can call it a trend change attempt.
If we can confirm out of this Descending Channel. This is extremely bullish in my opinion for RUM.
It will negate the downtrend and give a sign that we may now be starting an uptrend in RUM, marking a bottom as well.
VOlume looks great with an increase.
Our MACD indicator is also giving signs of an Uptrend. With a bull cross ABOVE the 0 lvl indicating great opportunity as long as we continue this MACD trend.
Target 1 is around the $10.00
Target 2 is around $12.00
RUM.NAS Rumble Prints Inverse Head & Shoulders.The Line Chart depicts the pattern which is Bullish.
Rumble Shares Jump After Offer to Buy, Operate TikTok in the US.
Lets Trust the pattern plays out. Possible Targets can be seen on the Chart.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
RUM LongNice upswing recently, followed by a complex pullback with a few interesting bars near the ema, decent 2 r/r
Rumble Surged By 21%: From Video Streaming to Cloud Computing Rumble (NASDAQ: NASDAQ:RUM ) is making waves in the tech world, with its shares surging 21% following two major announcements. The streaming video platform, known for its stance on censorship-free content, has expanded its horizons by venturing into cloud computing services. Moreover, Rumble's bold ambition to acquire TikTok adds another layer of intrigue to its growth story. As the company charts a course to challenge big tech giants and carve its niche in the digital landscape, investors are taking notice of its innovative strategies and disruptive potential.
Challenging Big Tech Hegemony:
Rumble ( NASDAQ:RUM ) has positioned itself as a viable alternative to mainstream platforms like YouTube, offering users a censorship-free environment for content creation and consumption. Now, with its foray into cloud computing services, Rumble ( NASDAQ:RUM ) seeks to challenge public cloud companies, further solidifying its stance against centralized control and censorship. The launch of Rumble's cloud platform underscores its commitment to empowering users and providing robust alternatives in the digital sphere.
TikTok Acquisition Ambitions:
CEO Chris Pavlovski's announcement of Rumble's ( NASDAQ:RUM ) interest in acquiring TikTok from ByteDance sent shockwaves across the tech industry. With Congress mulling over the fate of TikTok and the potential for divestment, Rumble ( NASDAQ:RUM ) sees an opportunity to step in as a buyer. By acquiring TikTok, Rumble aims to not only expand its user base but also challenge the dominance of platforms like Meta Platforms (formerly Facebook). However, the feasibility of such a deal remains uncertain given the substantial valuation of TikTok's U.S. operations.
Cloud Services: A Game-Changer for Rumble:
While the prospect of acquiring TikTok garners attention, Rumble's cloud computing services hold immense potential for long-term growth. As the infrastructure-as-a-service market continues to burgeon, Rumble's ( NASDAQ:RUM ) entry into this space opens up new avenues for revenue generation and market expansion. With the potential to tap into a market projected to reach $500 billion by 2030, Rumble's ( NASDAQ:RUM ) cloud services could be a game-changer for the company's trajectory.
Future Outlook:
As Rumble ( NASDAQ:RUM ) embarks on its journey to reshape the digital landscape, investors await further insights into its cloud services during the upcoming financial results announcement. While the TikTok acquisition remains a tantalizing prospect, the real value lies in Rumble's strategic pivot towards cloud computing and its commitment to providing innovative solutions in an ever-evolving tech landscape. With ambitious aspirations and growing momentum, Rumble's ( NASDAQ:RUM ) ascent promises to be an intriguing saga worth watching unfold in the months ahead.
RUM LongThis is a complex pullback, which has a failure test included (tick below the horizontal line). Then it followed with an inside bar, which was taken out today. I have taken a position but if closes back below yesterday high then I will be out by eod. About 2 r/r
RUM up 40%Here is a weekly chart of Rumble from Dec 2021, clearly in a bearish channel. Although up 40% today, it is still not out of this channel. Wait for the breakout to go long. If it cant break out, short the reliable downward trend.
Rumble's Game-Changing Partnership with Barstool Sports
In a strategic move to solidify its position in the ever-evolving digital landscape, Rumble, the high-growth video platform and cloud services provider (NASDAQ: NASDAQ:RUM ), has announced a groundbreaking partnership with Barstool Sports, a renowned sports, lifestyle, and entertainment brand. The collaboration not only brings exciting opportunities for Rumble users but also reflects a pivotal moment for both companies in the competitive world of online content and cloud services.
The Power of Partnership:
Rumble users can now access a wealth of Barstool Sports content, including live streams, directly on the platform. This move not only enhances Rumble's content offerings but also positions Barstool Sports as a preferred video partner. The partnership goes beyond content, extending into advertising, where both companies will collaborate to attract brand advertisers to the Rumble platform. This marks a significant stride in expanding the reach and influence of both entities in the digital advertising space.
Cloud Services Integration:
In a noteworthy development, Barstool Sports will leverage Rumble's cloud services as its preferred provider for essential computing, storage, and network needs. This integration not only underscores Rumble's capabilities in cloud services but also signals a vote of confidence from a prominent player in the entertainment industry. The move aligns with Rumble's commitment to providing reliable and innovative cloud solutions in an era where digital infrastructure is paramount.
Barstool Sports' Impressive Growth:
With Barstool Sports experiencing a staggering 194% growth in its audience over the past three years and reaching an impressive 1.6 billion podcast downloads, the partnership comes at a time when both companies can capitalize on each other's strengths. Barstool Sports' founder, Dave Portnoy, expressed enthusiasm about Rumble's commitment to sports and broader audiences, foreseeing the collaboration as a catalyst to make Rumble a dominant force in the video, cloud, and livestreaming space.
Market Response:
The market responded positively to the news, with investors flocking to Rumble-backed by billionaire Peter Thiel. The shares surged as much as 29%, adding approximately $400 million to the company's value. This notable uptick represents the largest intraday share move since Rumble ( NASDAQ:RUM ) went public through a blank-check merger in September 2022. The partnership with Barstool Sports has injected fresh optimism into Rumble's growth trajectory, providing a glimmer of hope for investors who have witnessed the stock struggle in recent months.
Challenges and Opportunities:
While Rumble shares have faced challenges since their debut, the collaboration with Barstool Sports presents an opportunity for both companies to navigate the competitive landscape together. Rumble's ( NASDAQ:RUM ) claim to "create technologies that are immune to cancel culture" is a unique selling proposition that may resonate with users seeking alternative platforms to giants like Google's YouTube.
Conclusion:
The Rumble-Barstool Sports partnership signifies a strategic alliance that transcends content sharing, delving into advertising and cloud services. As both companies embark on this journey, the collaboration has the potential to reshape the digital entertainment landscape, offering users diverse content options and advertisers a compelling platform. With the market responding favorably to this ambitious venture, the partnership between Rumble and Barstool Sports is undoubtedly a turning point that could redefine the future of online video, cloud services, and livestreaming.
RUM Rumble Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 5usd strike price in the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $0.82.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Rumble long!Rumble has been bouncing up and down from clear looking zones. Rumble bounced from support this week and is looking bullish!
Trade safely!
Let me know what you think!
Rumble Divergence Update and other ideasHey Folks!
I think Rumble will gain more buzz next month, for now still floating under the radar.
No news from the company since June 20th. It was positive news regarding RFK Jr. joining the platform, but the chart is dying for some material news.
Overall, I think the macro looks balanced for a move, but needs to pick a direction.
Each micro pattern seems at odds with the other and has made the chart fairly challenging to dial in. I see proportional divergences bullish and bearish after one another with the slightest nuances. You can learn a lot from this price action.
The extended inverse Head and Shoulder is a little bit of a stretch i know, but it has potential. I didn't notice it until I inverted the chart.
I had orders fill in mid 8's today, not bad. I'll close the positions if strength breaks under 35 on the 1hr. Since most of the liquidity is parked at $12, that will be my Profit Target.
Thank you for your time!
Happy Trading!
OnePath
