I believe BB will undergo a double bottom
This double bottom will take place with the second bottom hitting the middle line of a strong down channel
This adds to my previous BB post
I'm not a big fan of the meme stocks and I'm not a big fan of speculating. However, I was scrolling through the charts and I noticed that Blackberry BB had a unique tell in its monthly chart, which I will show inline since I have to make the post on the weekly candles, otherwise it won't display:
Simply put, BB has never broken its pre-meme pump and dump lows...
BB is repeating the accumulation algo prior to January, 2021 and it's moving about twice as fast.
In Dec 2020, #BB broke above the (red) downtrend and within 6 sessions gapped up 60% before retesting a major support level. We've been in this same cycle for about 7 months and we're about to pierce the (red) downtrend. If the algo is going to repeat itself, we'll...
📌BlackBerry from Jun. last year bearish market, currently technically what can see its for expect recover/bullish phase
💡 BB technically based idea, we can see price is on SUPP zone-bouncing, technically indicators showing we can expect higher bullish continuation, based on technically readings expecting to see higher bullish continuation till targets marked...
BlackBerry
Short Term
We look to Buy at 6.18 (stop at 5.57)
Previous resistance, now becomes support at 6.20. Price action looks to be forming a bottom. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 6.20, resulting in improved risk/reward....
XXX bag holder with an average of 5.60 looking to turn that into XXXX bag holder with options. im long on this for the long run. this will probably be the best trade of my life but nonetheless if this model holds true. I would be looking at the future areas of interest I labeled and use the trend lines or fib levels as a reference. good luck out there. #BBfor1000
Blackberry has very nice upside potential but considering the timing of the historical swings, waiting 5-6 years for a 30X move is not something I'm personally interested in. The Digital Surf Community has outlined numerous other stocks/cryptos with high trajectory that are likely due for completion at a much earlier timeframe.
Blackberry is a bit of nostalgic...
LONG-TERM: Falling wedge breakout with a daily bullish engulfing candle off a major historical level, after confirming triple classic bullish divergence. (not financial advice)
Struggled to make money on longs with this one. Did okay in shorts but have not gotten much value out long attempts. Some breakeven trades were about the best. Trying again. Good support levels.
Look at this Price Action on the Yearly VWAP (purple) Somebody is gonna get stomped out this earnings. Im feeling good about this. Volume is really starting to pick up. Up big so far. moon soon?
