BB trade ideas
$BB WeeklyFrom lows of 6.23 back in June '16 ... BB has run 133% ... topping out at 14.55 in Jan '18. Since then it has been in consolidation mode and constructing a bullish falling wedge and retraced all the way to .618 on the Fib. This is a bullish consolidation imo for the start of a new uptrend in this name.
Good View EMA 5-15Good view EMA during last month, now indicators fully support a continuation of the trend.
BB Summer Gains 2Going back for more, it's a bit early since it takes a bit for this stock to warm up, but when it does oh BB please!!! on a daily bullish on BB get some traders!
bullish on BB
We can see the bottom form on BB, this gives us a reasonable stop price to manage risk.
We also seen a key resistance broken at $10.17 on Friday, have not raise stop price yet.
Blackberry may be heading lowerBlackberrys current earnings report sent it free falling based on lowered guidance. It currently broke through the $10 support level and the next support level is around $8.50 or so. The RSI is in oversold territory and going back to 2014 on the daily, the RSI tends to bounce at 20 flat. I believe 8.50 would be a great buying opportunity.
Blackberry might give us a nice buying opportunity
I would suggest to see an entry at around 8-8.50 for a long long;)
Just my opinion so make your own research
And like always
May the markets be with us
Follow me on twitter @derfreietrader
BB 20 SMA tag, trendline Breakout and Retest, Inside Bar DojiLooking to go long BB on Break Up of inside bar.
Blackberry good for a breakout?I believe with news Tuesday BB may see a nice gain. Sell the news - you know how it goes.
Blackberry: the once-old-now-new fruit on the marketBlackberry is pure cash here. Cash money baby, and has been pure cash in this historical low zone for like 6 years, basically since Apple decided to go balls to the wall.
Blackberry is up to something, and I'd definitely bet on them. Last price markup from this zone resulted in tremendous gains.
Wyckoffian logic here, fellas. Plain and simple.
BlackberryTargets are in orange. Buy the thicc on volume gap. $11.50 rn is not a bad entry. unloading at first stop around $30. unload more at second orange box
Observing 10 / 100 period crossover on $BBLooks like a crossover of the lower-over-higher period moving average on $BB is afoot.
BB Summer GainsBB is turning things around, as usual earnings scared some investors off but they were better than expected so the gains that were lost, will be made again!
Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to
the stock's decline.
The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world.
Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as:
1) Descending Triangle
2) Symmetric Triangle
The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out.
If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in.
Happy Trading!!!
$BB Trying to trend a little bullish?$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 !
