I mentioned in my first post that buyers of Bloomberry Resorts Corporation (stock symbol: BLOOM) should exert serious effort to prop up this stock, but they never did. Sellers from 9.00 to over 10.00 overpowered them throughout January, and now price is knocking at the door of 8.50 again.
The MACD Oscillator (MACD-O) made a fresh print below the zero level.
The December 16 low at 8.28 is close by. Do you think we will see new lows in the next few weeks? I think so.
TP’s Advice: Continue to avoid this stock.