Trading Idea: BloomZ Inc. (NASDAQ: BLMZ) | 12 November 2024

Animation audio specialist BLMZ has recently showed a consolidation trend with a diminishing selling pressure (as indicated by volume). We see this as a potential start of a trend reversal, on the basis where BLMZ is able to sustain above its current key support level of $0.760. Regardless, we see this as a low risk trade as this support has been tested over multiple times in the past weeks, and we think this is a good chance for traders with zero position.

We rate "Trading BUY" for BLMZ based on the current junction.