Do not FOMO into BMBL
Actualizado
Now that we know that there is interest in BMBL...
Consider the following facts:
- Bumble launched at $43
- It topped at $84.79 two days later due to mania (+75%)
- We are only 11% down from the top ($75.36)
- It double bottomed at $70
- Buying volume has dropped significantly
- Selling volume is on an uptrend
Taking into account all of these factors, BMBL may go short temporarily. Share prices are likely to fall through the key support at $70 and through the secondary resistance at $63.90. There are two ways to enter, with or against those who bought into the IPO.
Buy and Hold Entry Plan
Part A
Minimum Budget: $270.69 + Brokerage Fees
Entries: 60.86x1, 58.96x1, 52.86x1, 51.94x1, and 46.07x1
Total Shares: 5
Stop Loss: $43 (optional)
Post-Stop Remainder: $215
Time-Investment: Short-Term
The first part of the plan is to enter above the IPO investors and to tolerate an acceptable amount of losses. Whales are averse to losing money but if they bring the roof down over their heads, they may begin eating each other. (Stop Losses at $43)
Part B
Minimum Budget: $564.72 + Brokerage Fees
Entries: 31.28x7, 22.14x7, 17.17x7
Total Shares: 18
Stop Loss: None
Time Investment: Long-Term
The second part of the plan is to re-enter during the aftermath of initial market cap loss underneath the paper-handed whales, instead of during. At this point, there is bound to be even more natural resistance as price falls below launch. Because Bumble is a fundamentally solid company, these price levels are actually pretty golden for pickup. The reason Part A is involved is to keep you in the asset at all times, therefore increasing your exposure to profits. Should the ATH price rise above $84.79, this plan needs to be updated and have the entries adjusted upwards accordingly.
Consider the following facts:
- Bumble launched at $43
- It topped at $84.79 two days later due to mania (+75%)
- We are only 11% down from the top ($75.36)
- It double bottomed at $70
- Buying volume has dropped significantly
- Selling volume is on an uptrend
Taking into account all of these factors, BMBL may go short temporarily. Share prices are likely to fall through the key support at $70 and through the secondary resistance at $63.90. There are two ways to enter, with or against those who bought into the IPO.
Buy and Hold Entry Plan
Part A
Minimum Budget: $270.69 + Brokerage Fees
Entries: 60.86x1, 58.96x1, 52.86x1, 51.94x1, and 46.07x1
Total Shares: 5
Stop Loss: $43 (optional)
Post-Stop Remainder: $215
Time-Investment: Short-Term
The first part of the plan is to enter above the IPO investors and to tolerate an acceptable amount of losses. Whales are averse to losing money but if they bring the roof down over their heads, they may begin eating each other. (Stop Losses at $43)
Part B
Minimum Budget: $564.72 + Brokerage Fees
Entries: 31.28x7, 22.14x7, 17.17x7
Total Shares: 18
Stop Loss: None
Time Investment: Long-Term
The second part of the plan is to re-enter during the aftermath of initial market cap loss underneath the paper-handed whales, instead of during. At this point, there is bound to be even more natural resistance as price falls below launch. Because Bumble is a fundamentally solid company, these price levels are actually pretty golden for pickup. The reason Part A is involved is to keep you in the asset at all times, therefore increasing your exposure to profits. Should the ATH price rise above $84.79, this plan needs to be updated and have the entries adjusted upwards accordingly.
Nota
REMEMBER TO SELL HALF AT 100%+ PROFIT
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