Equity Guru maintains bullish stance on BLMH.c Sentiment regarding Bloom Health Partners (CSE: BLMH) remains enthusiastic.
On its latest six-month chart, we can see that it drifted lower into support, with the delineated Flag pattern morphing into the slightly different Pennant.
Normally, after the completion of such a Pennant, another up leg occurs. But unusually, the price has instead drifted sideways at the support on very low volume, stabilizing at this level.
Technically the picture remains the same, and it would appear that the price is marking time here waiting on some news, or simply for the influx of more buying since the buyers who piled into it early last month are still around and might fancy buying some more at these prices.
Thus, the technical picture for Bloom Health Partners is considered to remain as, or more bullish than previously. This looks like a good position to stay long and could be a good point to buy or add to positions.
BLMH.c currently trading at $.19, valued at $8.98 million.
https://www.streetwisereports.com/article/2022/08/02/expert-believes-health-co-blooms-with-opportunity.html