BB $7.5: Lotto Stock of the Year for EV PlaysBB or Blackberry has been in a coma for 5+ years and it showed some life this yr. It's a company with some depth in communication software yet does not know how to package it. EV comes to the rescue by them signing up many of the key players including AMZN.
Technically it looks great: a long base, volume picking up, Momentor indicators (MACD and STOCH/RSI) titled up.
An easy target is $9, ideal entry is 7 or 6.5 if pulls back. On a longer horizon, the sky is the limit.
RI1 trade ideas
$BB Blackberry Ltd Potential Reversal Opportunity
BB had suffered a punishing sell off post earnings,
maybe its time to catch the reversal as fundamentally
the company is in a good position.
RSI has crossed mid-point
Mom - alert set for cross above zero line (bullish)
Stochastic bottomed and in reversal.
Potential entry above the 20ma above $7.40
Targets as per chart, with the gap as first major barrier#
along with the .382 dead cat bounce fib.
BB - Will see growth with the ER in the past - LONG!The ER was not great and was not terrible either. I believe the stock will see strength going forwards. I have loaded my account with shares in this company! Cheers to a bright future!
Thanks for viewing! This is not financial advice, please consider your own Due Diligence and Risk Management.
9$ is THE support9$ is a major support/resistance for BB from 2016+, the same thing is true for the 11$ support/ressistance
We see a classic pattern : breakthrough(1 dec.) fallow by a retest(18 dec)
Actual price = 9.14$
Stop = 8.60$ (-0.54$)
Taget price = 10.80$ (1.66$) Time frame 4 weeks
Reward/risk ratio = 3.07x
Blackberry holding higher after sell off - trending higher Just what we like to see when looking for a buy position
In the MacD it has crossed positive territory as well with the fast stochastic making higher lows, being served higher
Holding above the moving averages.
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The juice will be worth the squeeze