Rolling The Dice On BLOOM
Bloomberry Resorts Corporation (BLOOM) may extend its 2014 run following a successful breach over its resistance at Php10.00. As you can see from its chart, its move past Php10.00 also translates to a breakout from what looks to be a cup and handle pattern. Given this, the stock may then aim for its next hurdle at Php12.00 although it has to stay above Php10.00 for it to do so. A failure to at least hang onto the Php10.00 mark may easily bring it down to Php9.50.
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