PSE Ticker

Thursday, February 20, 2014

The rise of BLOOM?

Bloom closed today with 0.8% gain from yesterday. If you observe on the daily chart below, Bloom hit the short term resistance which at 8.53 (red line) but it was able to found support at the 100% fibo line (8.28). Take note that the previous candlestick is a doji from a downtrend which signifies a reversal. Hmmm? Does the candlestick today was the confirmation or we need another one? Observe that the RSI is still healthy at 38.


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