BB or Blackberry has been in a coma for 5+ years and it showed some life this yr. It's a company with some depth in communication software yet does not know how to package it. EV comes to the rescue by them signing up many of the key players including AMZN.
Technically it looks great: a long base, volume picking up, Momentor indicators (MACD and STOCH/RSI) titled up.
An easy target is $9, ideal entry is 7 or 6.5 if pulls back. On a longer horizon, the sky is the limit.
Technically it looks great: a long base, volume picking up, Momentor indicators (MACD and STOCH/RSI) titled up.
An easy target is $9, ideal entry is 7 or 6.5 if pulls back. On a longer horizon, the sky is the limit.
Comment:
BB is taking off like a bird, the company has a long history in communication platform software and security both are increasingly critical areas. 2021 could be the year of the jackpot for the one-time high flyer of Research in Motion (RIM) for those old enough to remember. Volume has been picking up on little news, which usually is a good sign of some major move. I could see it hit $20 or $30 with institutions back into the stock.