BLOOM price action update

Bloomberry Resorts Corporation

BLOOM is back within its 8-month Upward Price Channel consolidation and on a potential breakdown from a Double Top pattern (still requires confirmation). If this breakdown continues to unfold, measured target price is around 8.50.

*Recent pullback which followed after forming a Double Top pattern was also forewarned by a Bearish Divergence pattern on some indicators like CCI.

See previous analysis for reference:
https://psetrends.blogspot.com/2017/04/bloom-price-action-analysis.html

Trading Plan
- Avoid for now.


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