2waytrading

Bearish HSHs Scares us

NASDAQ:BBRY   BLACKBERRY LTD
153 0 3
We still remain bullish on this security, but today's price action left us wonder if the formed bearish head and shoulder's top suggest a possible gap fill. The chance to come real is getting some attractions after today's 4.5% drop. The Pitchfork traders may smell blood today after price decisively fell below the lower line and fell to push above the median line recent price recovery from the lows of the head. The projected downward target falls right where the price gaped up in June which gave us to believe that could be the case now.
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