Will BLOOM blooms again?

BLOOM made some activity today following the news about their planned expansion but is it enough to have a technical bounce that will bring the price back to 9.x level?

Based on Ichimoku system, BLOOM is still in a downward trend but a spike could happen. Price is currently at the level where we saw a technical bounce last December. This could happen again. Watch also how the Kijun Sen is currently moving at 9.29

RSI or Relative Strength Index is at 37

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.

2 Responses to Will BLOOM blooms again?

  1. Felix T. Gomez Jr. says:

    Need to close above 9.21 to sustain the bullishness or else it will range inside the rectangle formation with 8.36 – 9.21 range

  2. […] 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 […]

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