BB trade ideas
$BB Trying to trend a little bullish?$BB continues to wind up against this $10.84 level, which I cannot much understand exactly why. A very interesting looking 1H chart, and this 4H chart with this pennant forming. What do you think?
Holding 50% retracements and possible further upside cycles. AI and the driverless car will get more traction in next generation cars.
Manufacturers will embed this AI(QNIX) into cars and ready to use and make it available for consumers. In fact, many cars have those Adaptive Cruise controls type of features. It means BlackBerry customer base and revenues should be incremental. Next generation applications should accelerate with 5G availability soon in 2019~2020.
MACD weekly indicator got reset nicely.
Good Luck !
BlackBerry- Daily Gann Fan Indicator Says Buy NowIf you are interested in buying stock and/or call bull credit spreads, this is time. Right away earnings and price action is a a major support of $13. Enjoy.
BLACKBERRY COULD GO LOWER GUYS!!Massive sell off on blackberry down to current lows.
I believe that this stock could gradually reach lows of 8.50.
Having said that, a reversal up to highs of 13.50 could potentially occur.
Let's Just Wait AND SEE!
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
Clear accumulationLook at volume. Clear uptrend established. $BB is a leader in security, gem of Canadian tech, and potential buyout option for larger tech. Severely undervalued.
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
Blackberry might have a bit of hope.I think it is possible to go up from where we are, although it did just consolidate after a huge head and shoulders pattern, and it formed a small red hammer followed by a green doji, which could be the indication of a bull trap. If it passes resistance, this might not be the case, but I could see a possible re-test at the 0.382 fib. The upward trend does look strong, however. Let's see if volume can match conviction.
Blackberry is backNobody ever talks about Blackberry anymore so I decided to. Blackberry decided to stick around and its stock has been doing great since they refocused their efforts. They decided that their software is where it's at and apparently investors agree. They have nearly doubled since April of last year and the trend is still up even though it is down in corrected territory.
It broke out of its descending resistance line (red dashed line) a few days ago and made a bullish move on Friday. Their are two temporary daily supports at 12 and 11.11 but the true support is at 10.07. It's currently at 12.55 so the risk is pretty high at around 20% but the potential upside is far greater. Maybe trading on the hourly to minimize the risk would be a good fit in this case. I'm interested in your thoughts about this one. 2/25
BB long to $15 areaTrend line showing movement to $15 area within the support and resistance lines. Should see around a 20% increase coming.
