JimmyIzzaWussy
Long

BBRY gap fill

NASDAQ:BBRY   BLACKBERRY LTD
233 1 1
Great risk/reward setup for BBRY             here as it seems to have found a floor at it's .768 fib level (9.08). Enter when she starts making higher lows, or breaks out on volume . You could take a small position down here, then scale in once it breaches the gap, and start scaling out when it hits major fib levels. I'd set a trailing stop once it starts moving, shorts have been able to beat this stock down recently.
It looks as if it is consolidating but I think a good signal worth watching is on the 1 hr chart. Wait for the 13 day EMA to crossover the 50 day EMA. Buying too early could end up tying your money up for a very long time. Happy trading.
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