Neutral Bullish signal via Kijun Sen Cross

BLOOM went up by 5.6% to close at 11.28 per share today. The White Marubozu candlestick suggests that BLOOM is ready for a new start. After it was consolidating within 38.2% and 50% Fibonacci Retracement levels, it finally broke from the upper range and showing some bullish bias via the Kijun Sen Cross. Although it is considered Neutral Bullish, it is a good sign for BLOOM after the consolidation. The Chikou Span line may also provide a green light if price will not close below 11.11. Next resistance for BLOOM is the 11.52 while immediate support is at 11.11 where the Kijun Sen line is.

RSI or Relative Strength Index is currently at 64

Caveat!

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