Bloomberry Resorts Corporation (BLOOM) appears poised for a major breakout to the upside soon. As you can see from its weekly chart, the stock looks to have been forming a bullish reversal pattern in an inverted head and shoulders. The higher base that it has built may even be an early clue of a potential upswing. In any case, BLOOM may reach for a new target of Php15.50 if it is able to successfully breach its resistance at Php12.00. A failure to rise past Php12.00 though may bring it down to Php10.50 again.
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