Resistance from messy top is close. Looking for a rebound from highs into new lows potential. Or at least to lower trendline making another higher low as it has been for many years now. Medium term short.
Looking to pullback to at least intermediate support zone of 11$.
If buyers can take out this week's high then there's a good chance we reclaim some range and move higher.
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If you are interested in buying stock and/or call bull credit spreads, this is time. Right away earnings and price action is a a major support of $13. Enjoy.
Proof that the market can be better predicted with technical analysis. Despite beating earnings estimates during the quarter the price action is tanking after forming a double top.
Short on this for now but defenetly looking for a buying opportunity long term
BB Has long been underground after failing to capture the hardware market. After switching their focus to software and being a contending in the driver less car market, they have made a huge comeback.
It ran into quite some Resistance at $15.7 cad (canadian chart, US is similar, simply extrapolate) and broke through with great force and is now consolidating...
It has been accumulating for really long time and it looks good to great the long-term resistance.
To open long-term positions the closer it gets to $8.00
If it doesn't go to the bottom and it breaks $10/$11, wait for a pull back and volume confirmation for opening of positions.
BB may reverse if trend line is broken. Bearish engulfing candle shows a strong will for a down trend.
If BB breaks the bullish trend line, may close the June 17th gap.
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TSX:BB
