BLOOM price action analysis

Bloomberry Resorts Corporation

BLOOM is trading in an Upward Price Channel and currently on the third retest of the uptrend resistance line.

It's also potentially forming a Bearish AB=CD harmonic pattern with PRZ or Potential Reversal Zone at 9.71 (9.58~9.71).

See previous BLOOM analysis for reference:
https://psetrends.blogspot.com/search/label/BLOOM

Trading Plan
- Take some profit or scale down position and profit run the rest with trailing-stop.
- Or wait for a reversal pattern and confirmation before taking action.


Comments

Popular posts from this blog

JFC price action analysis

SMC price action analysis