Stock: BLOOM
Company: Bloomberry Resorts Corporation
Support: 6.89 / 6.85
Resistance: 7.01 / 7.08


BLOOM closed yet again with a spinning top for two consecutive days at 6.91, a point above its previous day close of 6.90. During the day, it saw an intraday high of 7.00 and a session low of 6.89 — its current support.

Technical indicators convey mixed reading, but leaning more closely to the bearish side. In contrast, MACD projects increased bullishness.

Nonetheless, BLOOM might continue to get traded sideways, within its imminent trading band of 6.89 to 7.01 in the near-term.

Recommendation

Buy on breakout.

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