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.
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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.
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