$BB THE NEXT DAYS COULD BE MASSIVE - 86% Short Term PotentialBlackberry isn't a dying Smartphone Company!
Blackberry is Software Manufacturer with many good Partnerships, in the car Industry, also they do Cybersecurity stuff.
So they actually have a good business, and the interest on Wallstreetbets seems to grow in the last few days.
Now to the Chart:
-Blackberry found it's bottom at 8,06 USD
-Right now were fighting the resistance at 9,50 USD, if we will break that there is a massive upside Potential to ~12,05USD
- If we would break the resistance at 12.05 USD there is a resistance at 13.33 USD and after that we could hit the resistance at 17.50 USD
In my opinion the Potential to 12,05 USD is likely to happen, that would be ~ 30%, with a pump of WSB also 17.50 USD seems realistic(86%).
The problem after 17.50 USD could be a selloff of people who are stuck in BB since the last bull run, there are many people who entered at 20 USD and didn't sell since that, if they see that the stock came back to the levels of their entry they will probably sell it.
Let me know what you think about BB.
Blackberry
BB - There is no spoonWhy do we hold BlackBerry to a higher standard when it comes to their Financial performance? Today was BlackBerry's earnings report and what were the takeaways?
- The first thing that stood out: BlackBerry will not be diluting shares. John Chen stated that there is no reason for this.
- Positive cash flow
- Revenue estimates were missed, but BlackBerry is not blowing their money on hookers.
- Ivy will be in early access as soon as October 2021 with launch set for February 2022
- BlackBerry has 23 of 25 design wins with EV manufacturers! Who's missing Tesla and DMC (This is not to be taken on a serious tone)?
- Launched
Now let's talk about Patent money, what happened here?
- To summarize, patent sell off is still being negotiated and this has halted any revenue from this for now.
and I quote Steve Rai
"Further to John’s comments regarding negotiations relating to a potential sale, licensing activities have been limited not only due to the ongoing negotiations, but also because revenue from additional transactions that could have been completed in the quarter would have been treated as contingent revenue and deferred to future periods. Therefore, had negotiations not been in progress, we believe licensing revenue would have been higher."
So again, why do we hold BlackBerry to higher standard that other companies in the same space? Is John Chen a perfect CEO? Not by any stretch but we have to believe in his vision and end game.
What do we see in the chart?
First we see a pennant formation. It is unclear if we will fall through the floor because of a perceived 'bad earnings call'. This market is definitely not 'following its rules' anymore. We live in the upside down.
Right now the 4/1 angle is our resistance and 8/1 serves as support. It is unclear if we will fall through. All pointers appear bullish but that's beyond the case because this market does not seem to be playing on fundamentals right now. We may or may not make a bounce at the 8/1 angle, only time will tell.
The pitchfork is showing us the general direction we have been heading since our first major move back in Oct 2020.
All the signals are there, yet they are being ignored.
BB - The little fruit that couldBlackBerry.
BlackBerry is a company that has all the odds stacked against it. Hedge funds, analysts, triple letter Government entities (looking at you SEC) and shorts. Specially analysts and financial social media outlets seem to have some sort agenda against pushing positive BlackBerry articles. BlackBerry social media has been very active and this is being actively ignored by financial social media outlets. BlackBerry is fighting the greatest battle it has ever fought.
What are we seeing?
Volume, volume has been low during the past month. My thought is that LONGS are holding their positions tightly and have no reason to sell (this kills the crab). The volume we see is mainly shorts making a quick buck and what very little swing trades that can be had.
Price has been moving from $13 to high $8s. Accumulation being done at prices lower than $10.
MA-200
This week we are very close to making contact with MA200 line. I think we may touch the line by today's close. This worries me a bit because ER is next week and we could easily drop from given all of the odds that are stacked against $BB (see first paragraph).
ER
BlackBerry ER is next week. Depending on how good (hoping for this) or bad (very unlikely, but that is just my bias) it is we will see the price drop further down into the $8 realm possibly $7 dollar realm. We should have no issue recovering from this and any accumulation down there should be highly encouraged. Remember we have the odds stacked against, that is no longer an opinion, there is plenty of evidence.
Final thoughts
You can observe in the chart the story being told by the pitchfork and pitchfan. BlackBerry has an enormous upside potential, we are just facing some public sentiment battles that are being totally manufactured. BlackBerry fundamentals have not changed, John Chen has formed many alliances, everything points to a strong $BB future. We will eventually weather all these conditions.
The next Blackberry bounce, new long entry opportunity?Blackberry NYSE: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.
The new Blackberry Hello fellow Blackberry enthusiast. We've had two false breakouts with Blackberry and the question is this the third with the new Blackberry really a long term breakout back to all time highs under Chen or just a nice bounce. Time and market conditions will tell. The daily charts have had a wicked battle between longs and shorts that have supported the thesis that blackberry is comfortably trading in the 10-11 dollar range. Price action generally overnight and premarket tanks past any day gains and indicates that bullish sentiment is finding stiff resistance against bearish speculation.
For bullish investors the Blackberry charts are slowly and positively moving back to test prior days highs. Currently the price is around 11.30 which as trend lines indicate is bullish sentiment in the short term and possibly long. Increasing speculation over the positive long term value of the stock including WSB has given both momentum to long and short speculation. Current trends continuing with several days above 11.06, then 12.26, and 13.07 would be a possible strong bull catalyst for a retest of all time highs. BB may simply be making higher highs and higher lows as it coils upward. Bearish speculators would likely want to short around these key levels to retest lows much as they did after uptrend 1 and 2. Fridays close should give a good guidance on possible direction in short and near term.
Bullish long term price targets would be the yellow marked levels. MacD and RSI trends seem to be indicating a strong bullish scenario but it is corollary to the wider Nasdaq which has proven to be bearish for much of February and March.
Long term targets could be as high a retest of the historic blackberry highs of 32.70, 68.64, and 125.07. It should be noted those prices are reflections of a dramatically different business model and may prove to be more conservative given the difference between the business models of the historic Blackberry before Chen and the new Blackberry after Chen. More bullish investors that believe the new Blackberry under Chen should be roughly equivalent peer to Crowdstrike CRWD at 196.88 or VMWARE at 147.32 at the time of this writing will have to prove it by increasing investment in the stock including short and long term bullish speculators and of course not only hitting but maintaining those price targets over extended periods. Volatility will increase as the price increases. Time will tell if the new Blackberry can re-capture Wallstreet investors and advisors higher price targets as it has Main street investors.
Not investment advice. For entertainment and education purposes only.
AMCI won’t bore y’all with the fundamentals that are the foundation of my bullish case, but, as you know, I’ve been cheering these social media stocks on. I have multiple positions in AMC. I added more at the predictable dip at 11am today.
My question to y’all. What do we close at today? My personal opinion is that it is going to be a very exciting PH (power hour).
My guess. 14$ eod :).
-for the sake of all my contracts expiring Friday. No worries. I got plenty o’ shares.
BB - Pitchfork IdeaSeems like for the past few weeks we have been in a downtrend after the WSB pump. We might be looking at a reversal in the yellow square area. We should be testing the 10.50 resistance, breaking and holding for the reversal to be successful.
Please be aware this is my first TA chart of this nature. I am learning as I go and I could make mistakes.
*Please note, none of my ideas are financial advice*
RED ALERT - SLEEPING GIANT - Big Tech - $BB $BB.CA BlackberryUpdate to Feb. 6 Idea. Now I am watching this more closely, and will be playing this with options.
I was first interested by this ticker around Jan.18, when I first traded it based on the BANG stocks momentum and technicals.. but as I observed and gathered more info, the big picture became more clear to me.
Speculation:
- At the start of new bubbles, CapEx juniors and smallcaps get filled very quickly. If we make a comparison to precious metals miners... this company is a first wave major, not a second wave junior.
- The BANG hype provided this company with all the capital they needed.
- Inst. ownership is only 56.60%, shares float is 555.30M... fairly easy to manipulate with high float.
- Other high growth companies that institutes are betting on, such as PSTG or AMBA have 90%+ inst. ownership.
- I noticed that major players like JPM, MS, WFC, Citi, Two Sigma, Cohen's Point72, Jane Street were increasing stake substantially last quarter. Of course, Citadel has a large options position as well.
- What if this short attacking was for the big players to accumulate, and shake out retail?
- I suspect that Citadel is playing MM for JPM, Citi and Point72, just from past experiences.
FA:
- Mcap: 6.75B. SEVERELY undervalued compared to AMZN.
- Baidu partnership, I think Baidu is the future king of tech.
- Huge PR and production push.
Key products:
- QNX: embedded OS with a security focus.
- IVY: cloud platform for vehicles (think EV and space market).
- AtHoc and SecuSUITE: secure communication system. Governments are still using Zoom and Teams, we need better.
- When you look at an old company, evidence that they can survive hard times and failure, and come back from it is one of the best indicators there are for long term success.
Verdict: This is a future Canadian Titan, along with Shopify. You must buy. 50B valuation at the minimum.
TA:
- 0.236 Fib level of wave 3 and 4H 50 EMA acting as support.
- MACD turning bullish on 4H timeframe, looks to be converging on 1D, and is diverging on 1M... VERY bullish.
- 30min timeframe resistance broke out:
- Volume fading on the downtrend, picking up on the breakout.
- 2x Morning Star reversals gives me high confidence in bullish trend.
- I already have a long position, but will be adding ASAP.
QA:
- Skew turning bullish.
- I chart my subwaves in accordance with OpEx nowadays. That's simply the game now, get used to it.
- The short interest is not high, but make no mistake, that's because the MM is selling with the high float, and putting up put walls. Bulls want to break the call wall and trigger gamma squeezing if they want to break out... Else just play the OpEx. Gamma hedging evidence will be in comments. This is going up, but we are playing against Citadel and co. Not easy.
- There is a bearish scenario: 270k Open Interest on 2/19 options with a max pain of 11.50. Safe bet would be to let 2/19 options expire before entry. This could create a bullish double bottom.
- However, there is a fairly decent gamma ramp for 12, 13, 14, 15, and if 15 is cleared, up to 20 would be smooth sailing for next week.
Strategy:
- Have capital ready for a double bottom test at 11.50
- TP1: 24
- TP2: 30.66
- Wave 5 PT: 42
- SL: 6.39 (Let's not make the SL too obvious on highly manipulated stocks... Stop loss hunting exists)
- RRR: 2.75
- Timeframe: 42 days
- Remember to take profits on the way up... volatile stocks will test supports on the way up!
Blackberry to the moon!
Summary of all (BlackBerry) Fundamentals Concluding A Breakout(Before moving into this trade; note it may take some time for this stock to breakout.)
Welcome fellow investors. Today's topic is on an assessment I've made revolving over BB. I would consider buying in around 12 - 12.50 and holding for a long period as this is considered an undervalued stock as I have explained down below. While the weekend floods in, BB will and has been moving in between the 12 to 14 dollar amount holding a consolidation during the last three weeks and breakout in the coming weeks. The company, Black Berry, is currently a software multinational specializing in cloud communication; a complete shift away from previous smartphones development. One of BB's significant partner's would introduce it's resilience through the partnership of Amazon's web services bringing to market an intelligence in the vehicle data field of AI. This has contribution towards smart and autonomous electric vehicles being developed. As further electric automotive companies are brought to light coming the year of 2021, they will likely partner with BlackBerry keeping the stock in a bullish direction. The idea would be to hold BB for a long period; in my eyes this is a winner!
Fundamental Important Information
• Partnership with IBM (just announced today Feb 12th)
• Amazon AWS and BlackBerry Partner for New Intelligent Vehicle Data Platform. Webinar later this month.
• BlackBerry QNX used in Motional Driverless Platform (Hyundai, Aptiv)
• Facebook settlement to be announced soon
• Partner with Baidu to work on a New Autonomous Driving Technology
• Achieved National Security Agency (NSA) Approval for BlackBerry UEM
• Sold 90 key smartphone patents to Huawei
• Received Eleven "Employer of Choice" and "Best Place to Work" Awards
$BB $BB.CA - The Blackberry is now ripe for the harvest- My Jan.25 prediction was very precise.
- Going to be buying a large position here, this company is a winner, extremely undervalued tech and now the FOMOers have left.
- Baidu partnership, I think Baidu is the future king of tech.
- Canadian company, good to diversify globally, will probably buy the canadian ticker, to take advantage of rising CAD
- BB's new product suite is incredible. Very bullish
- Unbelievably undervalued
Short-Mid term PT: 30
Blackberry Dec option call that payed out:)why did i place this call??
well BB sold 90 patients to the chines cell phone company, when doing so i figured they are on full steam ahead for cyber security.
the was the plan... RH traders i guess hoped on the wave and boosted the stock up like crazy :) obviously in my favour so i was down for the fun LOL
4X return baby
thank you god