It's hard to look at fundamentals or TA on a meme stock, but here goes my 2cents.
The 9 SMA just crossed the 180 SMA on the 1hr chart. The last time we saw this was on July 8th, 2021. After which we saw a 40% downside before starting to climb back up.
With everything going on, I'd hate to be bag holding to see what happens here.
A similar drop would put this in...
First off, I hate buying on green days. Especially with everything going on these days with Evergrande, Covid, unemployment/labor force, Burry's 5:1 study, etc.
I think we're in for a larger market correction before the end of the year.
That being said, there are some industries I believe will be recession-proof. One of them being weed. Everyone loves their...
Blackberry is moving out of the falling wedge above the channel. Looks good on the daily - 4hr and 2hr looks like it is coming back to the wedge. If it can hold this for another green day, could be huge volume to support it.
Besides the memestock label that has befallen on this company, Blackberry carries a very positive outlook and bullish sentiment among...
