BB trade ideas
$BB Chart looking to repeat?Based on the chart attached, it looks like $BB is setting up very similar to its last run. The 2 areas in focus are circled. Volume remains relatively low, but the similarities are interesting. It took around 16 days (circle on left) to run up and we are sitting around 14 days (right circle) now. Not Financial Advice but makes me wonder! :)
Blackberry (BB) Wyckoff Accumulation - Trending for BreakoutAccumulation on the monthly for the last decade. Spring confirmed with the recent share price surge to touch the monthly 200MA. Price resetting to the mean within the Trading Range (TR) before surging again, setting resistance points above the TR. Price now below the centerline of the TR and establishing what I believe is the Last Point of Support (LPS) around 10$. Look for price to test the top of the TR again at any time as Phase E Aggressive Markup takes place. New highs incoming for BB, this is the monthly so prepare as it could take a while, but when it takes place itll go quickly. Good spot to accumulate a position around 10$ as it prepares to say goodbye to single digit prices.
See similar monthly Wyckoff setup play out on MVIS a few months ago.
BB - gamble long I like to take a little gamble here with the strength in the overall market - BB is a WSB-touched stock and its choppy but I like to take a calculated risk here: personally i set a stop below the lows from last week and took like 0,25% risk of my portfolio - could pay out here I think BUT it is a more risk-on gamble and that should be said - as there was many failed signals in this stock.
Best luck if you join.
BB as a distractionI think it's time for BB to pump, after the AMC distraction and the fake CLOVER pump, now it's time for the BB squeeze. 3rd time's a charm.
I'll look at 60$+ for selling. AMC got to FIB 2.618 extension on it's run.
Planning to move profits to GME for the real squeeze.
Good luck, power to the players.
Their safeword is $16Hard, directed price suppression has occurred when price exceeded $16.
They have been stepping price down ~$1.30, seeking pre-spike2 levels of ~$8. This level also happens to nicely fit with the pre-interrupted squeeze that price swung lazily around for 1.5months before it began squeezing.
This is their comfort level. It's why they did nothing for the 1st 1/2 of December. That blatant suppression on 12/17, that was them getting nervous. And, it worked ... for a while. XD
Price will continue to be stepped-down until at least $8.30 is reached and probably until $7 just for good measure.