Green: Trigger Yellow: Target1 Red: Target 2
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.
What if instead of the trash bin Blackberry revived itself? Theoretical buy zone and take profit scenario given this unlikely possibility. Buy target above $18.50 with take profit sell zone above $32.
All indications are positive for an UPSIDE price breakout this coming week. If it should break to the downside we have two levels of support: 1: The previous low. 2. The previous trend support. There of course is the lowest low support that can be seen on the chart.
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.
Follow me, it is on my trading list now
Reading the charts for price action, can it be this simple? Take trades at one level with stops on the other side and target to the opposite level.