Technical BUY - BloomZ Inc. | My 45% Upside Trade

We had initiated a position on Japanese anime voiceover specialist BloomZ Inc. (NASDAQ: BLMZ) at the price of $1.38, with an expected upside of 45% to $2.00, based on our own verdict. With selling pressure subsided as indicated by the lower volume, together with the custom MACD indicating an oversold situation, we think BLMZ is set for a rebound around the current price level, to challenge the previous key resistance level of $2.00.

The trade is supported by positive developments by BLMZ recently, which could plan to venture into the highly growing anime market.

Key Support: $1.380

Key Resistance: $2.000

Cut Loss: $1.190