Hello BB enthusiast and investors,
After several days of the Nasdaq tanking, BB has held it's own. Buyers keep stepping up and buying despite what had been overall net negative sales. Price currently seems to be holding on the low end of that low end of 11.06 support and currently is sitting at 11.07 on the one minute as of 11:50 on Friday March 19, 2021. Those that believe in the future of the new Blackberry may want to buy into this strength to a push up to 12.26 or see if a pullback to 19.90s for a long buy forward. Shorts will won't to keep the price deflated below 11.06 and if they fail to accomplish this then their should be positive forward upward momentum going into earnings.
Daily RSI does indicate a "sell phase" and the price continues to rise. This may be shorts riding the trend up to switch short at the top of the price action. Fridays historically are a day many open bearish positions for Mondays. This may give long pause but proper sizing should mitigate long-sided risk.The overall upward trend seems to indicate a continuation in upward momentum.
Blackberry needs to continue the trend and should not only reclaim 11.50s which is psychological support but push past it in the short term.
Not financial advice, for entertainment and educational purposes only.
After several days of the Nasdaq tanking, BB has held it's own. Buyers keep stepping up and buying despite what had been overall net negative sales. Price currently seems to be holding on the low end of that low end of 11.06 support and currently is sitting at 11.07 on the one minute as of 11:50 on Friday March 19, 2021. Those that believe in the future of the new Blackberry may want to buy into this strength to a push up to 12.26 or see if a pullback to 19.90s for a long buy forward. Shorts will won't to keep the price deflated below 11.06 and if they fail to accomplish this then their should be positive forward upward momentum going into earnings.
Daily RSI does indicate a "sell phase" and the price continues to rise. This may be shorts riding the trend up to switch short at the top of the price action. Fridays historically are a day many open bearish positions for Mondays. This may give long pause but proper sizing should mitigate long-sided risk.The overall upward trend seems to indicate a continuation in upward momentum.
Blackberry needs to continue the trend and should not only reclaim 11.50s which is psychological support but push past it in the short term.
Not financial advice, for entertainment and educational purposes only.