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Lanmar

Blackberry Presenting Favorable Risk/Reward

Long
Lanmar Updated   
NASDAQ:BBRY   None
BBRY
8
0
bbry
The low 8s high 7s is what I'd like to call strong shelf space. There will likely be a lot of buying in that range. At the .382 ratio off the advanced pattern formation, we have a 3.6 to 1 r/r. At the 618 we have an approximate 6 to 1 r/r. That's attractive.

The purple triangle represents a 5-year consolidation. Consolidations like these are RARE. My interest in BBRY is the confirmation of the monthly breakout (see below).

The yellow line has proven to be supportive for a long time - we assume it'll remain supportive.

Monthly:
snapshot
Comment:
I am reiterating a MAJOR BUYING OPPORTUNITY in BBRY. One of the nicest trade set-ups I've seen since the day before Donald Trump's election for USDJPY (I've attached a link to that chart set up.

snapshot

Similar set-up:
USDJPY UPDATE
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