Bumble Looks Good for a Trading Bounce But Not for a Long-Term Relationship – RealMoney

In his first “Executive Decision” segment of Tuesday’s Mad Money program, Jim Cramer spoke with Whitney Wolfe Herd, founder and CEO of Bumble (BMBL) , the woman-focused dating app.

Wolfe Herd said that Bumble should not be looked at as a Covid stock or as a reopening stock. People need love and connection no matter which Covid variant is circulating. Bumble adapts to the changing conditions and their users shift between online dating and in-person events as their area allows.

The Internet can be a dangerous place, Wolfe Herd added, which is why Bumble was built with accountability, trust, respect and inclusivity for all members. They lean into machine learning to deliver a safer, better experience than other platforms.

Video chat is also integral to Bumble, and users are utilizing this feature to vet prospective dates and, if needed, to have entire dates if the parties can’t be together in person.

Let’s do an in-person check of the charts and indicators.

In the daily bar chart of BMBL, below, we can see that the shares have had a bearish ride lower since going public in February. The shares are trading below the declining 50-day moving average line and below the declining 200-day line.

The trading volume shows some increases at lows and highs so it is hard to draw conclusions from it. The math-driven On-Balance-Volume (OBV) line has generally moved in the same direction as prices have. Prices made new lows in November and December but the OBV line has not made a new low. This is a bullish divergence but it may not be significant.

The 12-day price momentum study is not showing us any slowing in the decline.

In the weekly Japanese candlestick chart of BMBL, below, we can see a bullish engulfing pattern at the end of November and the beginning of December. This bottom reversal pattern still needs bullish confirmation but it has my attention. The 40-week moving average line is bearish.

The weekly OBV line is pointed lower but we do see the 12-week price momentum study improving.

In this daily Point and Figure chart of BMBL, below, we can see that the software is generating a potential upside price target of $55.

In this weekly Point and Figure chart of BMBL, below, we see a bearish price target for now.

Bottom-line strategy: True traders who have some experience might consider going long BMBL for a trading bounce. A stop at a new low (just below $30) is very important and I would be happy on scalping $10 or $15. Do not overstay your welcome.

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Peter Andre admits he’s worried about his kids dating online and says it’s ‘scary’ – The Mirror

Mysterious Girl crooner Peter Andre, 48, appeared on Loose Women today as he spoke about the idea of children Junior and Princess trying out online dating

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Peter Andre discusses his children online dating in the future

Peter Andre has admitted that he’s worried about his children Princess and Junior trying out online dating.

The Mysterious Girl crooner, 48, appeared on Loose Women today to speak about his new healthy eating regime.

However, host Ruth Langsford first wanted to get his opinion on online dating after Coleen’s …….


Coleen Nolan shares online dating horror of catfishing, x-rated DMs and cringe fish photos – The Mirror

Coleen Nolan, 56, previously revealed she set up online profiles on several dating apps including Tinder, but said that many matches thought she was ‘catfishing’ them

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Coleen Nolan shares her horror online dating experiences

Loose Women’s Coleen Nolan has opened up about her warts and all experiences of online dating.

Coleen, 56, previously revealed she had set up online profiles on several dating apps in 2020.

She has since managed to find love through Tinder and is dating a divorced father of one, whose identity she has…….