NQ_Handles

$BB Trend Reversal

Long
NYSE:BB   BlackBerry Limited
BlakeBerry Limited is showing a sloped inverse head and shoulder on the daily. Following earnings there was a high volume surge pushing the price higher, maybe selling those patents was a great idea after all... Anyway, this is currently a risky play to enter now as price action is below 200MA. Depending on this coming weeks stock performance I might jump in on some option calls. I do like that the price seems to have stabilized all week around $4.55. My entry would be around $4.35 with a stop loss at $4.15.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.