Array Digital's 15min chart shows MACD Death Cross, BB Narrowing, Bearish Marubozu.
ByAinvest
Friday, Oct 17, 2025 3:17 pm ET1min read
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The company announced a binding term sheet with White Lion Capital to execute a Bitcoin Purchase Agreement, marking the launch of a "Bitcoin Treasury Strategy." This move aims to diversify the company's cash reserves and hedge against inflation . The market reacted positively to the news, with BLMZ shares surging ~19% to $0.23 in pre-market trading .
Harrison Global also unveiled plans to establish a ¥10 billion fund with European partners to promote Korean and Japanese media content in Europe and South America. Co-CEO Ryoshin Nakade stated that this collaboration would significantly contribute to the expansion of excellent media content into Europe and South America .
The stock's performance is influenced by mixed technical indicators. GuruFocus notes that BLMZ’s RSI is around 47 (neutral) and its annualized volatility is very high (~72%) . An AI-based model rates the stock a "Strong Buy," citing 5 buy vs. 3 sell technical signals, and projects a ~3.5% gain over the next month .
Analysts and experts are intrigued by Harrison's new Bitcoin strategy, but caution is warranted. The company's financials remain challenging, with deeply negative profit margins and a very low Altman Z-score . The rally is speculative, and investors will be watching upcoming SEC filings and trading data to see if these plans materialize.
Market Context: Harrison's news comes amid a broad speculative rally in small caps and tech/media names. However, caution is warranted due to the high-risk nature of cryptocurrency investments .
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According to Array Digital's 15-minute chart, the MACD indicator has triggered a death cross, while Bollinger Bands have narrowed and a bearish Marubozu candle has formed at 10/17/2025 15:15. These technical indicators suggest that the stock price has the potential to continue falling, with a decrease in the magnitude of price fluctuations, and that sellers are currently in control of the market. Additionally, the bearish momentum is likely to persist.
Harrison Global Holdings (NASDAQ: BLMZ) shares experienced a significant surge on October 17, 2025, following the announcement of a strategic Bitcoin acquisition and expansion plans in the media content sector, according to a TS2 Tech report. The stock jumped approximately 11-12% during the day, trading near $0.22, up from around $0.19 the previous session.The company announced a binding term sheet with White Lion Capital to execute a Bitcoin Purchase Agreement, marking the launch of a "Bitcoin Treasury Strategy." This move aims to diversify the company's cash reserves and hedge against inflation . The market reacted positively to the news, with BLMZ shares surging ~19% to $0.23 in pre-market trading .
Harrison Global also unveiled plans to establish a ¥10 billion fund with European partners to promote Korean and Japanese media content in Europe and South America. Co-CEO Ryoshin Nakade stated that this collaboration would significantly contribute to the expansion of excellent media content into Europe and South America .
The stock's performance is influenced by mixed technical indicators. GuruFocus notes that BLMZ’s RSI is around 47 (neutral) and its annualized volatility is very high (~72%) . An AI-based model rates the stock a "Strong Buy," citing 5 buy vs. 3 sell technical signals, and projects a ~3.5% gain over the next month .
Analysts and experts are intrigued by Harrison's new Bitcoin strategy, but caution is warranted. The company's financials remain challenging, with deeply negative profit margins and a very low Altman Z-score . The rally is speculative, and investors will be watching upcoming SEC filings and trading data to see if these plans materialize.
Market Context: Harrison's news comes amid a broad speculative rally in small caps and tech/media names. However, caution is warranted due to the high-risk nature of cryptocurrency investments .
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