TradingView
JimmyIzzaWussy
Jul 18, 2013 3:04 AM

BBRY gap fill Long

Description

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.
Comments
octradr
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.
More