LOOM successfully overcame a long-term downtrend and after backward correction it is on strong support (previous resistance) - the red one :).
The orange one also crossed the red one, which can be considered a good sign for the uptrend.
In short - professional analysis !!! :-D
No need to complicate things, the simpler the better.
In the end, the price is decided by the quality of the product or service, not lines and graphs - remember it.
I'm in at 290.