Previous support level of P11.00 holds. BLOOM dropped to P11.00 after its gaming subsidiary Bloomberry Resorts and Hotels Inc. received summons in a civil action from the Court of United States Southern District of New York entitled “Bangladesh Bank vs. Rizal Commercial Banking Corporation”. After BLOOM bottomed at P11.00, the stock surged by 16.4% due to a technical rebound and after foreign investment house, Goldman Sachs, upgraded the stock from Neutral to a BUY.
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