$BB Trend Reversal

BlakeBerry Limited is showing a sloped inverse head and shoulder on the daily. Following earnings there was a high volume surge pushing the price higher, maybe selling those patents was a great idea after all... Anyway, this is currently a risky play to enter now as price action is below 200MA. Depending on this coming weeks stock performance I might jump in on some option calls. I do like that the price seems to have stabilized all week around $4.55. My entry would be around $4.35 with a stop loss at $4.15.
Chart PatternsInverse Head and ShouldersTrend Analysis

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