BB trade ideas
BlackBerry - the sleeper has awakened? Ok, so this one underwent major transformation from dealing hardware to becoming a fully cloud revenue business. Currently stats say that 90% recurring rev at around 60-70% margin on the products. Soo I think this is not getting the deserved attention as it should. Probably still hated from the dawn of the phone wars but it has just attempted to break-up the 2018 black downwards trendline. Currently still in a descending channel, but I see next stop at min $6.50 from here.
I will draw some lines to estimate moves next.
a lot of outcomesi would stay away from this one unless a very clear breakout came. a lot of better plays :) gl
EZ CAD STOCKSWhy would anyone buy BLACK BERRY??
Well I said the same about GME, yolo BB 5C 01/21 NYSE cause no volume on TSX.
Free puts on the other ting
$BB Blackberry stock looks very vulnerable I have had multiple blackberries back in the day and loved them. Amazing how they simply couldn't keep up with IOS and Android. Seems even more lower prices on the way if the $4.60 level doesn't hold.
Last Call to Board the Blackberry (TSX: BB) BusTSX:BB
1). Blackberry has been in consolidation between $6 and $7 for almost 4 months since June 18, 2020.
2). Though September 24, 2020 positive quarterly report did not move the price up, it did not re-test the $6 low, and inched higher the next day. It is more looks like smart money is shaking the tree for the final time before start to move it higher.
3). MACD and KDJ are closing together and trending to crossover.
I am long Blackberry, and this is probably the last call to board the bus at this cheap price.
BLACKBERRY Strategy DailyHey guys, BLACKBERRY is in a bullish movement with a stable volume of purchase we notice a hesitation of the sellers from where the shadow. But looking at TIMEFRAME 4H the birth of a bullish force and on TIMEFRAME 5 min we see a new attempt. We are in a buying power in this situation we are looking for the next last previous high and close the bullish gap.
It lacks the strength to get to the next high, so we can just fill half the bullish gap.
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Blackberry Spiked, Still $6.25+ LongI still think at this price point, Blackberry have been oversold. I am expecting at least some more continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
BB.TO: Descending triangle Descending Triangle (for TSX)
Pros
Descending volume
PPS below 50MA and 200MA
200MA Descending/Flat
250RSI below 50
Low to no support below 6.25$
If confirmed:
PT1 = 4,54
Bonus PT2 = 3,98
BlackberryTF: D
Blackberry has broken out of the trend as shown on the chart and looks to making support at the zone ($4.58 to $4.94). Price may move to ~$6.60.
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.
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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.
