Blackberry Ltd Daily (07.07.2014) Technical Analysis Training

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The Blackberry Ltd             ( BBRY             ) Daily Diagram Technical Analysis Training shows the following:

The ( BBRY             ) share is on a sharp uptrend. The support lines is above the KUMO, which means that the BBRY             is bullish in long term. The weekly diagram shows bullish trend in the KUMO.

So the first think in mind is that BBRY             has stabilize its price over the $9.55. MACD is forcing its bullish trend and RSI too (even in overbought levels). Maybe a little resistance at 10.76 for some consolidations between $10.76 and support lines.

The volume is increasing day by day.

There is no special candlestick pattern or you can think of a morning star today(? on close ? but we are on uptrend so..). The share is over the KUMO and it is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.

There is cup with handle pattern with 100% projection @15.92. The fib from $5.70 to $10.76 shows 1.618 projection @$13.89 for a first target.

So get long in spite of any correction. Stop loss under the support lines.

that 12.18 has got my kind of concerned. It looks like it may dagger an cause a head ache. yea i agree with you on those levels. There could be some pull backs to atleast one level after it busts through. That 17.91 is going to be a break through, if you get a chance to scale the cart out and you'll be able to see price just dagger on that level back in 2004 and 2005. Fundamentally the company has always been solid until the smartphone took over and now they seem to have got their niche back to some degree.
that thing might have some room to run to 18.30.
I was looking at the weekly chart, an if i was trading the weekly, id def commit long term to buy if it closed above 18.30.
I can see it making a run to that area and maybe stalling around there.
d.vezeris tradingformoney
I agree with you. If you see the weekly diagram draw a horizontal line at 13.46, another at 14.93 and another at 17.91 and see from Oct2012 till today. These levels are resistances and supports for older values. Good luck!
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