We had initiated a position on Japanese anime voiceover specialist BloomZ Inc. (NASDAQ: BLMZ) at the price of $1.38, with an expected upside of 45% to $2.00, based on our own verdict. With selling pressure subsided as indicated by the lower volume, together with the custom MACD indicating an oversold situation, we think BLMZ is set for a rebound around the current price level, to challenge the previous key resistance level of $2.00.
The trade is supported by positive developments by BLMZ recently, which could plan to venture into the highly growing anime market.
Key Support: $1.380
Key Resistance: $2.000
Cut Loss: $1.190
The trade is supported by positive developments by BLMZ recently, which could plan to venture into the highly growing anime market.
Key Support: $1.380
Key Resistance: $2.000
Cut Loss: $1.190
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.