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Bumble (BMBL) Coiling Below Value Area Breakout

Bumble (BMBL) Coiling Below Value Area Breakout

by | Jul 5, 2022 | Chart SetUps

Bumble (BMBL) shares flagging between the 55- and 200-day EMA’s and coiling within monthly value with a breakout above 32.50 potentially explosive up to 38 which is an untested VPOC from December. The stock has built a large multi month base and back above YTD VWAP since late May. Short float is high at 9.3%.