BB continued downtrendHighly periodic variability between successive minima in recent weeks; most obvious on hourly chart. No divergence b/w price and RSI or volume-weighted RSI (MFI). I don't anticipate a reversal, but I do anticipate more volatility (for now). Very well-defined linear trading channel (R~0.91) recently, maybe the slope will break soon and a knee will emerge.
0R0P trade ideas
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*
BB Golden Zone!Hello Community!
Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more!
BB has been one of those stocks everyone has had their eyes one the past few weeks. We can take a look at BB on the daily chart which is currently sitting on a few supports which I've drawn out for you. We can see it inside the golden zone which is indicated by the blue zone on the fib retracement. There's also a massive S/R line shown in white. The stock is currently trading right above the white line, with the MACD and RSI looking bullish, indicating a possible move up. It does appear that the bears have run out of steam.
This is not Financial advice.
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BBIn order to stage a bullish trend reversal, BlackBerry (NYSE:BB) needs to break and close above the 12. Short-term daily technical indicators are improving and the MACD on the H4 chart recently produced a new buy signal last week. If the stock can break Friday’s high of $10.82, we should see a strong follow through move. BB will move very quickly, so keep a very close eye on the stock next week. Stock has a strong support around the 9.69 area.
Purchasing BB Puts with 12 Mar expI expect price to break through previous support after being rejected at the current resistance. It's possible that price will move to $7.78 and $7.34 within the next 2 weeks.
Therefore, I purchased 12 MAR 21 8 PUTs. I plan to sell these contracts at market value, if they make it to speculated price level.
BB (+memes) the battle against the est.looks like the bottom might be in on all those WSB "meme" stocks, so this analysis prob goes for GME, AMC, BBBY, EXPR, NOK etc..alot of the MJ stocks look similar too i think after a recent hit. anyway bouble bottom, divergence on the oscillators. theres equitable trade in there im sure w a stop below the recent lows, and i like a few of these long anyway (amc, nok, even gme) hopefully we'll catch some bids n stick it to the shorts! i also don't appreciate the "protections" of RH delisting
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!
Black Berry- Hindsight Is 20/20 But Lets Hope History RepeatsA person told me that BlackBerry was about to PUMP. I said, "I'm pretty sure it already had a short squeeze". I was then informed that BB is no longer making cellphones but they have become and encryption and technology company. Apparently, they have been working with the Government for sometime. Ironically, this contract and affiliation to the alphabet agencies still pretty under wraps and most people don't know this.
Looking at the chart in hindsight I plotted out were we already had an accumulation phase, I have noted the volume pump that indicated a buy signal. Also, noted is the tweezer formation that told us to sell. I have done this for education purposes.
What's actually interesting is that there may still be another trade, BB might still be very primed to pump, and to do so off both technicals and fundamentals. We have a clear Wyckoff range and I am willing to bet that this could be re-accumulation before the next big pump. Regardless, of my personal decision to invest, this is not financial advice. Please do your own due diligence and research.
BB Fundamentals and TechnicalsDon't see this as a "meme stock" right now and think it's got some great news under it, such as:
+Partnership with IBM
+Amazon AWS and BlackBerry Partner for NEw Intelligent Vehicle Data Platform
+BlackBerry QNX used in Motiuonal Driverless Platform (Hyundai, Aptiv)
+Facebook settlement to be announced
+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
+Recieved Eleven "Employer of Choice' and "Best Place to Work" Awards
As far as technicals go, I think the odds of a pivot in trend right now are very high. Recently after these "meme stocks" have their initial pop or begin their pop, they like to pop again at the lowest Gann fan line (support), which is known as the 8/1. I have a great example of this in one of my recent posts on SNDL, go check it out if you're interested. The 4/1 line will act as a key resistance at the start of this pivot, any buy-in before this resistance is tested should be good and neither premature nor too late. I don't like to set a solid price target in my analysis, but with the assumption that exponential growth occurs when higher highs are made, the 2/1 would serve as strong resistance for a top.