Czas na BLACKBERRY - 50% potential profit - 5.40 $Based on the current chart structure, the stock appears to be forming a base after a prolonged downtrend, with price stabilizing around the $3.60–$3.70 support zone. This area has acted as a historically significant demand level, where selling pressure is starting to weaken.
Price action shows compression near the lows, which often precedes a volatility expansion. The moving averages are flattening, suggesting that bearish momentum is losing strength, while downside follow-through remains limited. This behavior typically indicates accumulation rather than distribution.
A successful hold above the current support, followed by a reclaim of the $4.20–$4.40 zone, could act as a trigger for momentum buyers. From a technical perspective, this opens the door for a mean reversion move toward the prior resistance region near $5.40, which also aligns with a previous supply zone and represents roughly a 45–50% upside from current levels.
If market sentiment improves or a modest catalyst appears, the stock could move quickly toward the $5.00–$5.40 range in the near term, especially given the relatively light resistance between current price and that level.
Potential TP: 5.40 USD
This analysis is for educational and informational purposes only and does not constitute financial advice or a recommendation to buy or sell securities. All trading involves risk, and you should conduct your own research or consult a licensed financial advisor before making investment decisions.
