2waytrading
Long

$BBRY Is Back in Action (Shorts vs Longs)

NASDAQ:BBRY   BLACKBERRY LTD
164 0 2
The stock is one of the heavily shorted companies as of the last time 20% and today's rumors did not stop buyers to bet on either takeover or a real turnaround for recent new management effort to stop bleeding. From purely technical prospective, the chart also is suggesting a possible breakout and the large inverted head and shoulder's top formation has some merits as well, the only scary things I see is the formation of bearish flag/and or pennant that may knock off the price back to 8.71 area before this happens the daily chart suggest that price could go as high as 17.00 next 3-6 months provided that price breaks out above $11. Longs have a better chance than shorts and we are on the long camp for now. If you want a real time alerts try www.2waytrading.com
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