Trader's Logbook

BLOOM made a 4.92% run last week and based on the weekly chart we could see BLOOM is just starting. Daily chart shows the slope and the 50% Fibonacci Retracement level has been helping block the price in going down. BLOOM may try this week to see how strong the resistance at 38.2% will be. [...]

Is the Shooting Star pattern we have today just a representation of the test of support at 50% Fibonacci Retracement level and the 20-day SMA line or it will be a bad signal telling us that bulls have receded. Unless this candlestick will be confirmed tomorrow via large red candlestick, then this is just a [...]

90.5% of the volume today was traded at 12.44 but it would have been more bullish if it close at the highest price of the day. Still the bullishness is there as it stayed slightly above the upper slope and on 50% Fibonacci Retracement level. The volume is very big and RSI is still very [...]

An attempt to stay above the 50% Fibonnaci Retracement level wasn’t successful for BLOOM today but the bulls are making its presence. This may take another try tomorrow to break the resistance at 50% before facing the slope (another resistance). Thus, BLOOM really need to be very bullish to break this two resistances. RSI or [...]

Bulls are trying to stop the bears from doing more damage last Monday. But they are short in numbers that is why they were not able to bring the price up. With price still below the 50% Fibonacci Retracement level, the risk is still is quite big. I think it needs great power to bring [...]

The last two trading days last week made BLOOMers happy as the stock reverses from the trend. But will it continue? Will there be a new group of ipits this week? I think the big challenge here will be the resistance at 13.0 If the bulls can sustain the bears at 13 then this might [...]

Interesting to watch as BLOOM stopped the winning streak of the bears. After few days of going south, BLOOM finally bounced from 61.8% Fibonacci Retracement level with a good gain. The question now is whether the bulls still have the strength after today’s combat. Based on BLOOM‘s history, there were instances that after having a [...]

BLOOM continued to go down breaking the support at 50% Fibonacci Retracement level without a sign from candlestick for a reversal. RSI is now at 21.48. Better to enter when there is a good indicator. Let’s wait. Caveat!

Bloom found its support at 50% Fibonacci Retracement level today. But will it hold tomorrow? Three consecutive relatively large red candlesticks can be seen on our chart. This could be a good time to monitor BLOOM. Some may took a chance by test buying at the closing but I think it is better to wait [...]

BLOOM went up during the morning session but started to get bearish early afternoon until bears totally control the battle ground. It declined by 2.67% Looking at the chart we have an Engulfing Pattern. After the bull mood last week, it ended up with a small green candlestick and today we have a large red [...]

BLOOM did a great job today not to go down yesterday’s price. Although it didn’t see a rally, we felt bulls are in the area. The price movement today creates a Harami pattern where the 2nd candlestick is a green one and is contained within the real body of the previous red candlestick. There is [...]

Rain continuously pouring on BLOOM brought by the Dark Cloud Cover few weeks ago. Flowers are not anymore blooming but is about to die because of the flood. We don’t see any good signal yet for BLOOM on today’s chart. Looks like the rain will not stop yet. Are we going to see a breakdown at 50% [...]

Hammer reversal candlestick wasn’t confirmed and price continue to move down south. Now entering support zone at 38.2% Fibonacci Retracement level. It seems that the Dark Cloud Cover effect is not yet over Dark Cloud Cover is a high reliability reversal pattern. I think we need more than a Hammer in order to break the [...]

Is the candlestick today a sign of reversal for BLOOM? Price of BLOOM went down breaching the 20day SMA but bulls were able to bring the price above that line at the closing. Although not a book definition of a Hammer, it somehow resembles the sentiment we can see on hammer candlestick. Still, hammers are [...]

Last time we said we will take a serious look on BLOOM once it will hit 15 (Dark Cloud Cover effect not yet over?) so now is the time. Support line on 23.6% Fibonacci Retracement level is down and bears doesn’t look tired yet. Now our last resort will be the 20-day SMA. Will there [...]

After we saw the Dark Cloud Cover pattern on BLOOM it went down and the bears won. This time our price is going near the 23.6% Fibonacci Retracement level. Will it bounce here? Will the bulls allow the bears to penetrate this border? I haven’t gone back to BLOOM yet but once it will hit this [...]

After the rally that sends BLOOM to as high as 16.62 yesterday and RSI at 90, it turns red with a signal of possible reversal from the Dark Cloud Cover. Will the bears win? The selling pressure today sends the price of BLOOM to as low as 15.70 and closes at 15.96 This, in effect, [...]

BLOOM slowly went up the ladder until there was a fast move from 14.30 going to 14.56 but somehow the bears were awaken and do the selling again making the price to retrace and close at 14.40. Will this be the last time we will see the bears or we will again be frustrated with [...]

Last Feb 10 (BLOOM still on positive side) we draw a zone for BLOOM where it will have difficulty in breaking. During that time the sentiment is quite on the bullish side but later on went sour. Last Friday it touches the lower level of the range but today, it seems the bears are gone. [...]

BLOOM is currently on a sideways move after it rallied for 5.52% last February 1. We notice that the resistance zone is quite wide and price may have a challenge in breaking this zone. Nonetheless I think BLOOM has a bullish bias but just be careful as price is hovering just a few notches from the support [...]