BB is one of my favourite picks for bullish market conditions. BB over the last decades has been one of the best examples of why, "This is going nowhere" or "The tech's disruptive" sort of statements may be short-sighted. BB was once doing the coolest things imaginable and they quickly became a shadow name, and the stock price reacted.
Recent price action in BB...
BB has started new cycle, we can expect reversal between .386-.500 .618 levels. Bottom of cycle expected in JUNE.
- previous cycle was negative so we are expecting continuation of bearish market. With the beginning of April we should form local bottom, bounce and have final selloff till June.
BlackBerry - Short Term - We look to Sell a break of 8.38 (stop at 8.97)
Previous support located at 8.50. The primary trend remains bearish. The trend of lower highs is located at 9.50. A break of bespoke support at 8.50, and the move lower is already underway.
Our profit targets will be 6.53 and 5.80
Resistance: 9.50 / 10.00 / 12.00
Support: 8.50 /...
Trade at your own risk.
My analysis is bullish. We've got a green week candle about to close above the trend line, the 100 & 200 day moving averages on the week chart about to cross, the Mac D & Stoch RSI on the week looking decent to pump, moving averages strongly curling & trapping on the month, similarly on the 3 month. My target would be 200 day moving...
After 10 years of trading sideways in a what i think we can all agree is a bear market. i think the Composite Man is ready to make his move into Phase D after confirmation when (if) we break out of our medium term descending wedge.. personally im bullish but im not educated so what do i know... also those lines i drew for a projected path was all random for the...
BB technicals show what I call a "frown" pattern ☹ which typically indicates an overall downward trend. The price rallies fizzle out quickly and the price returns to its baseline.
BB has formed a familiar structure (in yellow) under this channel that can be drawn
A break out of this will send the bulls on a rally like the initial one
Lets see what happens, a long with no leverage would be the play on this weekly chart
Sector: Technology Services
Industry: Packaged Software
BlackBerry Ltd. engages in providing the intelligent security software and services to enterprises and governments. The firm leverages artificial intelligence and machine learning to deliver solutions in the areas of cyber security, safety, data privacy solutions, and also focuses in the areas of endpoint...
