NEW YORK (JAN 2): BloomZ Inc. (NASDAQ: BLMZ) closed 2024 at $0.573, retreating 18.14% on the last trading day due to profit-taking after a strong rebound from its mid-December lows. Despite the pullback, the stock holds above the $0.450 support level, demonstrating resilience and a positive outlook for the near term.
The price remains above the 10-day moving average (MA10) at $0.551, suggesting the recovery trend is intact. Immediate resistance lies at $0.600, with stronger resistance at $0.715. A breakout above these levels, supported by higher volume, could confirm a continuation of the uptrend.
Overall, the recent consolidation signals healthy profit-taking rather than a trend reversal. With key support holding firm and volume trends strengthening, BloomZ shows promise heading into 2025, making it a stock to watch for potential upside.
