Bumble ( BMBL ) jumped well over +40% on an earnings miss... While it may have "new news" life in the coming days as analysts slash their targets and headlines declare "stock can surge nearly 200%" (source: CNBC)... it is likely to fill the gap or partially fill the gap below ($17.13 to $29.28) before truly making a *long-term* move higher. If the rally continues this week, though, it may test $25.50 or could go as high as $28 (50 EMA) or even $29.50 (near the resistance of the falling wedge). Regardless, the March 2022 Fed meeting and OpEx are next week. I can see the rally news fading rather quickly and this correcting to fill or partially fill the gap in March or perhaps early April.
Q4 2021 Earnings Details: (source: Google Financials)
Paying users = 2.98 million (Estimate of 3 million)
While Bumble and Match likely have great futures and long-term growth in the dating world, it's possible the Bumble post-earnings rally is only temporary.
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