Blackberry
BB platooning its support levels with uptrend potentialif price crosses 6.30, high potential to reach 6.90 at 1st target, if the price gain uptrend breakouat the next target will be at 8$. Stop Loss at 5.08 for high tolerance and 6$ for low tolerance.
Blackberry | BB | Bullish ?Id like to say, this could be a wonderful trade if stocks keep going on an uptrend. We could see some high profitable Risk-To-Reward
Blackberry | BB | BullishBullish on blackberry as their cyber security network will be used by government for COVID-19, also will be installed in over 150 million cars, as car markers are looking for better security
Blackberry (BB) Flag on DailyNice breakout after earnings, now a nice flag forming on daily with breakout spots at 6.54 and 6.64. $BB
BlackBerry: Wait for Pivot from ~$7.98 Before DecidingBlackBerry is probably one of the most disappointing stocks of the past 10 years - one that soared to 120+ and fell down below 7.00. Its nice to finally see BlackBerry change their business plan but this came at the expense of extreme bearish sentiment over the last decade.
With the first half-decent earnings report in a long time (a few days ago), BB finally popped a bit, however, I see a re-tracement to about $7.98 which it will likely bounce off this level (trend-line) and continue higher because there is not really any reason for it to plummet right now after decent earnings.
BlackBerry will have to post some impressive year over year numbers (consistently) in order to weed the shorts out and get to at-least the $20 level.
For those looking for an entry, wait to see a reaction off the near $7.98 pivot. If that level holds, it will serve as a good entry.
My Consensus: 'Neutral'; 'Buy' if $7.98 holds
Technicals: Cup formed pre-earnings; possible handle forming to $7.98 level then bullish continuation thereafter
- zSplit
Bearish Speculation-Undervalued (Long)Index - P/E 158.18 EPS (ttm) 0.03 Insider Own 11.20% Shs Outstand 558.46M Perf Week 2.76%
Market Cap 2.92B Forward P/E 37.29 EPS next Y 0.14 Insider Trans - Shs Float 541.78M Perf Month -4.22%
Income 31.00M PEG - EPS next Q 0.02 Inst Own 56.60% Short Float 3.65% Perf Quarter -28.88%
Sales 972.00M P/S 3.00 EPS this Y -82.60% Inst Trans -0.03% Short Ratio 3.79 Perf Half Y -43.81%
Book/sh 4.64 P/B 1.12 EPS next Y 185.71% ROA 0.80% Target Price 7.60 Perf Year -40.88%
Cash/sh 1.52 P/C 3.43 EPS next 5Y -2.30% ROE 1.20% 52W Range 4.86 - 10.29 Perf YTD -26.58%
Dividend - P/FCF 171.48 EPS past 5Y 15.00% ROI 2.30% 52W High -49.27% Beta 1.73
Dividend % - Quick Ratio - Sales past 5Y -33.20% Gross Margin 75.10% ]52W Low 7.41% /b ATR 0.22
Employees 3945 Current Ratio 2.30 Sales Q/Q 16.20% Oper. Margin 0.70% RSI (14) 41.58 Volatility 2.76% 3.51%
Optionable Yes Debt/Eq 0.24 EPS Q/Q -199.50% Profit Margin 3.20% Rel Volume 0.68 Prev Close 5.17
Shortable Yes LT Debt/Eq 0.24 Earnings Sep 24 BMO Payout 0.00% Avg Volume 5.21M Price 5.22
Recom 2.90 SMA20 1.48% SMA50 -16.46% SMA200 -32.98% Volume 3,547,224 Change 0.97%
$BB SHORTBig end of year short for $BB on accounting #'s that may lead to fraud and misleading investors with Q1 and Q2 #'s also way weaker then expected quarter and very weak guidance. Very short
$BBNYSE:BB Cae fuerte el día de hoy donde anuncian que mejoró los estimados de ingresos. Se desploma -9% y posiblemente toque la línea de tendencia de color violeta que la utilizará de soporte. MACD indica venta con una pendiente bastante pronunciada, lo cual indicaría que seguirá cayendo luego de tocar este soporte dinámico para luego tocar mínimos en 6,57, línea de retroceso de Fibonacci de 0. Otra opción es esperar un rebote en el soporte dinámico que coincide también con un soporte estático del 31/12/2018, lo cual permitiría una corrección al alza para luego volver a testear el límite inferior del canal bajista
BB is a buyBBUSD bouncing around 0.618 with an RSI very bullish.
ABC completed for correction, new wave coming, keep an eye on it.
BlackBerry going back to $9.50? BB is evolving in a parallel channel. We failed to break out of the upper limit even after a positive $0.15/share surprise on EPS and an increase of 126% in net income compared to last year's report. However, the announced high revenues coming from their new activities take longer than expected to yield a profit. That is why I believe market sentiment will not get substantially better in the short run. However, in the long run, BlakcBerry might perform well within the software and automated car industry.
Blackberry might give us a nice buying opportunity
I would suggest to see an entry at around 8-8.50 for a long long;)
Just my opinion so make your own research
And like always
May the markets be with us
Follow me on twitter @derfreietrader
Blackberry: the once-old-now-new fruit on the marketBlackberry is pure cash here. Cash money baby, and has been pure cash in this historical low zone for like 6 years, basically since Apple decided to go balls to the wall.
Blackberry is up to something, and I'd definitely bet on them. Last price markup from this zone resulted in tremendous gains.
Wyckoffian logic here, fellas. Plain and simple.
Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to
the stock's decline.
The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world.
Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as:
1) Descending Triangle
2) Symmetric Triangle
The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out.
If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in.
Happy Trading!!!
BB double top despite earnings surpriseProof that the market can be better predicted with technical analysis. Despite beating earnings estimates during the quarter the price action is tanking after forming a double top.
Short on this for now but defenetly looking for a buying opportunity long term
Blackberry consolidating after revivalBB Has long been underground after failing to capture the hardware market. After switching their focus to software and being a contending in the driver less car market, they have made a huge comeback.
It ran into quite some Resistance at $15.7 cad (canadian chart, US is similar, simply extrapolate) and broke through with great force and is now consolidating onto old resistance turned support from a falling wedge pattern.
Defensively keeping an eye on this one, id potentially be a buyer at $15.7 levels. Look for signs of long term continuation of this bullish trend that the US stock market has been following.
Blackberry's lawsuit agaginst Facebook, possible game changer.Blackberry has just announced that they are going to be suing Facebook group. Yes, that's right. Suing Facebook for patent infringements. To even file the claim, their lawyers must have a pretty good basis to even try and take on such a massive group, which they mention in the article below. If Blackberry wins this lawsuit , This could possibly be the biggest tech company recovery since Apple. With the valuation of those enterprises in the 10's of billions, I'm extremely curious as to what type of financial compensation we are talking about here, and what this will do for TSX:BB long term.
www.wsj.com
BB long to $15 areaTrend line showing movement to $15 area within the support and resistance lines. Should see around a 20% increase coming.
