It has been a while now that BLOOM is in a downward trend after the 9.80level has been broken. At 8.4 level it seems that BLOOM has bottomed. Will it reverse trend at this level? There is still no sign of any reversal though so if you want to test buy, be sure to monitor the stock’s movement and exit when needed. Monitor the Kijun Sen as it move horizontally, it may attract the price to come near it.
RSI or Relative Strength Index is at oversold level although it has started to go up now and is pointing upwards.
Caveat!
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