Is it going to break the support?

Bloomberry

Weekly chart: shows that the support at 78.6% Fibonacci Retracement level is holding so far. Bloom went down as low as 9.56 but was able to close at 9.90 per share which is just within the support area. Will the bulls be able to bring the price up towards 11.16 per share or it will continue to plummet? Buy around support area 9.5x – 9.89 but prepare for a 8.28 plummet in case BLOOM will turn sour.

Relative Strength Index or RSI is at 35.2

Caveat!

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