BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive 0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not get substantially better in the short run. However, in the long run, BlakcBerry might perform well within the software and automated car industry.
Trade active
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Getting closer to my target. Ready to lock in profits.
looks like you made an excellent call. you still see this going all the way down to the channel you have drawn?
Tutur
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@RafaelBlanco, Thank you! Well, when I wrote this, I had not expected the markets to take a hit like they did today. So, if markets open down tomorrow it could go down to the channel yes. I'm still holding 30% of my initial position.
Tutur
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@RafaelBlanco, $9 is a strong resistance tho. Could be hard to break below that. It will depend on the overall trend in the upcoming days.