halfire9000

Blackberry (BB) Wyckoff Accumulation - Trending for Breakout

Long
NYSE:BB   BlackBerry Limited
Accumulation on the monthly for the last decade. Spring confirmed with the recent share price surge to touch the monthly 200MA. Price resetting to the mean within the Trading Range (TR) before surging again, setting resistance points above the TR. Price now below the centerline of the TR and establishing what I believe is the Last Point of Support (LPS) around 10$. Look for price to test the top of the TR again at any time as Phase E Aggressive Markup takes place. New highs incoming for BB, this is the monthly so prepare as it could take a while, but when it takes place itll go quickly. Good spot to accumulate a position around 10$ as it prepares to say goodbye to single digit prices.

See similar monthly Wyckoff setup play out on MVIS a few months ago.
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