Parasol Stars: Rainbow Islands II

Parasol Stars: The Story of Bubble Bobble III (パラソルスター) called Parasol Stars: Rainbow Islands II on the NES is a video game by Taito released in 1991. It is a sequel to Rainbow Islands and the third game in the Bubble Bobble series.

Get ready for some finger-searing action as Bub and Bob blast their way onto your computer screen. Use four kinds of elements – Fire, Water, Lightning and Star – to overcome wave upon wave of nasties bent on ending your quest to rid the universe of the evil mastermind Chaostikahn! Whether you play alone or with a friend, stay alert! Your only hope of reaching the final showdown is to unlock the secret of Parasol Stars!

Source: TheGamesDB