BLOOM IS STILL BULLISH | Marvin Germo
Bloom boom

BLOOM IS STILL BULLISH

By: Marvin Germo | September 6, 2017

This is our continuing coverage of BLOOM! Thank you so much to everyone who requested it and joined our #StocksByRequest session! The stock is still pushing up as compared to the market in general! That’s why stock trading and investing is amazing because you get to select stocks that deviate from the index and you get to ride it up to its fullest extent!

Congratulations to traders and investors of the stock!

Catch me in my live training events! (quick plug)

The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing.  I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.

For position traders, the stock which has been progressing in a solid uptrend since October 2016 and is now up 135%! In spite of it being up massively, all indicators and oscillators are still in a  bullish undertone for the short, mid and long term! For position traders, continue to ride the trend as we have no sell signal in sight yet! I’ll update you once we see a clear reversal sell signal!

The stock broke out of the 10 Peso resistance last August 22, 2017. Whatever upward movement you are seeing now is because of that. All short term indicators are still showing upward momentum in the stock. With that we are setting the next target price to 12. As long as the new support at 11 would hold, 12 is pretty much in sight!

On a very optimistic and bullish scenario, if the the stock breaks out of 12, adjust your target price to 13! Should it breakout of 13, the next target price is 14.2!

Not a bad trading plan at all in a market that is currently sideways! As what I always say, the best way to make money in the market is to select stocks well and to time them properly!

Hope this helps you in your trades!

Bloom Charts

New book and other books on Investing, Business and Finance.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book