The next Blackberry bounce, new long entry opportunity?
Blackberry 
BB has kept support in the 11-12 dollar range and is currently pre-market testing the prior support levels at 11.06 as of 8 AM on March 17. Short-term bullish longs may want to enter long for a bounce back to the 12.26 mark and keeping in mind that 11.06 is downward support. Note that the past two daily candles (March 15 & 16) were with a great deal of sell pressure which would both be short term investors/speculators exiting and bearish speculators shorting for a breakdown bellow 11 dollars. If buy pressure increases today then this would continue the week of predominantly bullish momentum. It would be a clear upward continuation signal. It is worth noting that bearish reversals have happened twice since the all time highs in late January. Over all direction is still bullish on the daily chart. Today (March 17) should be a retest of the 12.26 resistance level and should be a buy volume day to reverse the last two days of over all sell pressure.
For entertainment and educational advice. Not financial advice.
BB has kept support in the 11-12 dollar range and is currently pre-market testing the prior support levels at 11.06 as of 8 AM on March 17. Short-term bullish longs may want to enter long for a bounce back to the 12.26 mark and keeping in mind that 11.06 is downward support. Note that the past two daily candles (March 15 & 16) were with a great deal of sell pressure which would both be short term investors/speculators exiting and bearish speculators shorting for a breakdown bellow 11 dollars. If buy pressure increases today then this would continue the week of predominantly bullish momentum. It would be a clear upward continuation signal. It is worth noting that bearish reversals have happened twice since the all time highs in late January. Over all direction is still bullish on the daily chart. Today (March 17) should be a retest of the 12.26 resistance level and should be a buy volume day to reverse the last two days of over all sell pressure. For entertainment and educational advice. Not financial advice.
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