BLOOM broke resistance level

BLOOM managed to stay above the 9.21 marker today or the 78.6% Fibonacci Retracement level. From the time we saw BLOOM bottom near 8.36 last February 18 (Will BLOOM blooms again?), it has now reached the first big resistance. Will the newly found suppport hold?

Weekly chart is still showing Kijun Sen line at 10.31 which may attract the price.

RSI or Relative Strength Index is near overbought level at 67

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to BLOOM broke resistance level

  1. Felix T. Gomez Jr. says:

    BLOOM's Kijun Sen line at 10.31 on weekly chart is now bending down

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