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.
RUM trade ideas
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
RUM Bullish Divergence Update + 1 Cent Head Theory!Hey Folks.
Some new ideas.
I highlighted previous divergence on the 1 hr, which lends me to believe the overall bullish divergence is playing out.
As for the current structure. I highlighted a small Head and Shoulder that has potential to form an Inverse Head and Shoulder. Left shoulder at $8.88, the 1 cent head at $8.87 and a potential $8.88-$8.89 right shoulder.
Happy Trading!
OnePath
Not financial advice.
RUMBLE Update: Possible gap fill in the works!Hey folks!
I am fairly exclusive to Heikin Ashi candles for my TA, but I will also use standard to scan for gaps.
I found this one at $12.71-$12.91, and was only able to spot this subtle gap on the weekly chart.
Recovery of this gap will bring some symmetry to the chart, and the GOP debates are the catalyst to back up the move imo.
Happy Trading!
OnePath
RUM Bullish Divergence detectedSeems to be in a 50/50 holding pattern, but the bullish divergence is keeping me convicted in a move higher.
Price appears more coiled than 2nd week of Feb as well.
Not financial advice.
Happy Trading!
OnePath
RUM - Two Technical Patterns Warrant AttentionLarger Pattern - Triangle and Upside Risk NASDAQ:RUM
In the making now for 5-6 months. Projects to ~$14.50 on a bullish resolution but would need to give it up to 6 months to achieve that level. Assuming this target is achieved then the overall downtrend line originating from the all-time high becomes the next technical target which is above $15 and declining at the current time.
Smaller Pattern - Pennant and Upside Risk
In the making for approximately a month. Projects to ~$11.80 on bullish resolution in 3 - 5 weeks.
Confirmation
Look for a close and a sustained move above $10.30 on higher volume. This area represents the upper resistance for essentially both patterns at roughly this point in time and a move above this area would represent a bullish resolution to both patterns. Targets noted assume bullish resolution in the short-term.
Downside Risk
Failure of smaller pattern points to the lower trendline of the larger pattern. Failure of the smaller pattern can also indicate an enlargement of the pennant but would arguably weaken the potential. At prima facie a break below the pennant would be bearish. Below that look for support areas indicated. Failure of the smaller pattern would reduce the bullishness overall but could have the larger pattern remain in play as a potential.
$RUM - Breakout Imminent Retest ATH ComingI expect retest of 18.50 + level and New All Time Highs in 2023
See chart key indicators all lining up
resist. 10.43
resist. 10.17
resist. 10.03
supp 9.78
supp 9.45
Company is growth is phenomenal all metrics
KPI's
Active daily users ,, MAU, hours spent etc
If they can keep taking market share off Youtube could be a 100 dollar stock in making
Trading under 3 Bil (2.7) market cap provides a great opportunity for growth
Rumble's market cap is significantly smaller than Youtube's — by a rough factor of 79 times
Roadmap for RUMRoadmap of RUM possibilities. Blue solid lines are established downtrends, green dotted lines are established uptrends. Both the uptrend and downtrend lines are established from equilibrium points, (not highs and lows). Thickness of lines illustrates strength of previous price action. Circles are the crossing of uptrend and downtrend, usually resulting in reactions.
RUM - Triple Bottom Angle Triple Bottom is evident along this inner downtrend line of the channel, almost forming another channel in of itself.
Previously this has been rejected twice at the larger channel top but this time may be different due to the presence of this triple bottom.
Plotted the price action thoughts of a large breakout in green.
If no breakout continuation of the large down channel.
FREE TATE !!! - RUMBLE SHORT FORECASTDidnt wanna post this cause the Top G already got enough on he's plate
dont cancel rumble oh ye investors its going to the moon in a best case senario
and if my words dont reach you cause of your love of clout remember this
web traffic on rumble is on the rise sources similar web... much wow much value
And remember kids HU3 coming soon welcome to the real world LUKE
Breakout formingLong on the breakout, with a stop at 10.08. Watch for volume and 2pm or 9:30am take off.
Stock Idea: $RUM (1 Feb 2023)$RUM
- Strong momentum runner (+78% in 2 weeks)
- Price surfing the 10 DMA, and tightening up right below the 200 DMA
Stock Idea: $RUM (31 Jan 2023)$RUM
- Tightening in range while surfing 10 DMA
- Price looking pent-up just below 200 DMA
- Strong momentum runner: +70% in 1 month
The Top G is letting Rumble win in the battle agains free SpeechI think the market cap of Rumble is going to soar in the next years due to Andrew Tate's boost and the exposure he made
Here is why :
1- Rumble is paying content creator 3 to 20 dollars per 1000 views on contrary YouTube only pays between 3 tot 5 dollar on average per 1000 Video views
2- At this moment Rumble is becoming very popular among the banned people from YouTube an even for the unbanned semi censored Youtubers who I think will slowly be making a move towards Rumble. People on YouTube are being mouth shut about the most important subjects in the world, on Rumble you can say what you want while you are doing that your getting paid more
Please leave like and comment
The Top G is letting Rumble win against YouTube!!! Don't miss I think the market cap of Rumble is going to soar in the next years due to Andrew Tate's boost and the exposure he made
Here is why :
1- Rumble is paying content creator 3 to 20 dollars per 1000 views on contrary YouTube only pays between 3 tot 5 dollar on on average per 1000 Video views
2- At this moment Rumble is becoming very popular among the banned people from YouTube an even from the unbanned semi censored Youtubers who I think will slowly be making a move towards Rumble. People on YouTube are being mouth shut about the most important subjects in the world, on Rumble you can say what you want while you are doing that your getting paid more
