Blackberry Spiked, Still $6.25+ LongI still think at this price point, Blackberry have been oversold. I am expecting at least some more continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
BB trade ideas
Waiting for the Next Pivot Rise: BlackberryRight now, Blackberry is getting close to an imminent bull run with the next level of higher pivots and a positive wedge. It is beginning to pickup support, and I think the support levels are going to outweigh any resistance from the short sellers. That being said, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence. Please proceed with caution.
Ready for the Next Positive Wedge? $BBRight now looking at the volume, I think Blackberry is expected to garnish some more major support levels as well as higher pivot points. Overall, given previous charting correlations, I would go long on this saying it is getting close to the next positive wedge. I think Blackberry has a chance here in the red to start becoming a bit more lucrative. That being said, everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk. Please proceed with caution on all trades you make.
BB: Multiple bounces South from 200MABearish from 2019.
Bounced off 200MA on multiple occasions since then (circled in blue).
Bounced again against it a few days ago.
High R/R (almost 10)
200MA pointing South = Bearish
250RSI below 50 = bearish
Target #1 = 4.47$
Target #2 = 3.96$
Target #3 = 3.25$
Target #4 = 2.68$
BLACKBERRY LTD - WEEKLY - Potential Short OpportunityThe price has been trapped within this descending channel since Jan '18 and two weeks ago was rejected once again by the 50-day Moving Average (red line). This has triggered a potential sell signal towards 3.00 zone, stops around 6.00.
Always keep in mind it is a game of probabilities.
Follow us on Instagram: scv_trading
Blackberry the Comeback king! Long I have been interested in blackberry for a couple of years now. The company is has a good ceo and solid vision into software and digital security aswell as AI and many other partnerships.
It is very realistic that the current stock price could easily triple. I would put everything on a blackberry long.
BBBlackBerry:
Potential Profit: ~19% based on resistance $5.27
Resistance: $5.27
1 month support: At the SMA line.
BlackBerry is trading above the SMA line.
Entry point: ~$4.39 or near the SMA line.
Desired RSI entry point: ~31
If you want to be safer wait a little bit for a bounce at SMA line to confirm the support.
Ascending triangle on Blackberry Price on daily chart has been bearish since a turn in trend around january 2018 moving inside a channel to the downside. An ascending triangle formation and a rise of RSI above 50 could mean an advance towards the midline of the regression channel. I entered a long trade @ 3.90., current SL right below 100HMA @ 3.17
First target: 4.5 - SL will be moved to Breakeven
Second target: 5.30 with SL being moved right below midline around 4.30