Rumble $CFVI Stock Bullish Option Flow Detected

  • Post category:Business / Technology
  • Reading time:6 mins read
Get Email Alerts and Follow Us:
SOCIALICON

Bullish option flow was detected in CFVI stock on February 3, 2022.

Bullish Option Flow

Cfvi Stock

Make sure to review this lesson on option flow so that you understand the image above.

Bullish option flow was detected in CF Acquisition with 6,527 calls trading, 3x expected, and implied vol increasing over 19 points to 87.32%. Feb-22 $12.50 calls and Feb-22 $15 calls are the most active options, with total volume in those strikes near 4,000 contracts.

Rumble Sets New Records for User Engagement & Posts Significant User Growth in January

On February 3, 2022, the online video platform Rumble announced that it reached new highs in January with approximately 10.8 billion minutes watched and averaging 4,383 hours of uploaded video per day. The company also posted 19% growth on monthly active users (MAUs) over the previous month, reaching 39 million MAUs in January 2022.

“On the heels of the decline in U.S. and Canadian users at Facebook, and with Rumble’s impressive January growth, it’s clear that we are witnessing a major shift on the internet. Users are sending a clear message that platforms supporting the free and open internet will be the future,” said Rumble CEO Chris Pavlovski.

Rumble is a high-growth neutral video platform that is creating the rails and independent infrastructure designed to be immune to cancel culture. Rumble’s mission is to restore the Internet to its roots by making it free and open once again. Additionally, the company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).

Locals Launches Beta Version of LocalsTV App

On January 25, 2022, Rumble is proud to announce that Locals, which merged with Rumble in October 2021, is launching the beta version of the LocalsTV App. This app will allow Locals users to quickly and easily access Locals’ content on their TVs.

“The LocalsTV App is designed to provide our customers with a streamlined viewing experience,” said Rumble CEO Chris Pavlovski ahead of the announcement. “Locals’ users have been asking for this feature, and we are excited to launch it. We plan to offer many more innovative features as Rumble and Locals continue to expand and grow.”

The LocalsTV App includes many cutting-edge features. On the homepage, users can see what content is trending. Users can also go directly to creator pages for creators they like and explore to find new creators. Through the app, users will be able to make purchases and instantly unlock content on their TV. Finally, a livestream feature will allow users to watch their favorite creators live on their TV.

“LocalsTV is an expansion of our ability to deliver content anywhere. Distribution of video is fundamental to our creators, and we are thrilled to enhance the Locals experience for our creators and their members on this new medium” said Assaf Lev, President of Locals.

📺💥 Why This Stock Will EXPLODE! 🚀 Rumble Stock Price Prediction CF Acquisition Corp $CFVI Stock

Why This Stock Will EXPLODE TODAY! 🚀 Rumble Stock Price Prediction CF Acquisition Corp $CFVI Stock

📉 CFVI Stock Technical Analysis

Cfvi Stock

The long term trend is positive and the short term trend is neutral. The positive divergence between large players volume and price is extremely bullish. Considerably lower volume is observed in the last couple of days. CFVI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CFVI is lagging the market slightly.

There is a support zone ranging from 11.11 to 11.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. There is also support at 10.82 from a horizontal line in the weekly time frame. Finally, there is a support zone ranging from 9.70 to 9.76. This zone is formed by a combination of multiple trend lines in the daily time frame.

There is a resistance zone ranging from 12.00 to 12.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame. There is also resistance at 12.91 from a horizontal line in the daily time frame.

CFVI has only a medium technical rating, but it does show a decent setup pattern. CFVI stock has a Setup Rating of 7 out of 10. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CFVI in the last couple of days, which is a good sign.

Get Email Alerts and Follow Us:
SOCIALICON