BB trade ideas
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.
Imposing breakout of the horizontal resistance lineIn my past ideas I shared chart patterns like double bottoms, triangles and trend line breakouts but this is very different. Generally I do not like to use sophisticated terminology in an a attempt to sound intelligent. And in this case of study the only thing iI need to say is that the price finally is surpassing the 12.00 level after more than four years of oscillating in a channel, the other aspect here is that the price is trending and is easy to appreciate that is making higher highs and higher lows because in some occasions when I watch the behavior of channels like this sometimes the price breakout the resistance or support line but it's mere volatility. For not fall in a fake breakout or bullish trap I need to appreciate a trending behavior and use the moving averages and identified that the moving averages are becoming spacing and have some inclination. If I watch back in the time the period between 2015 and 2017 the moving averages looks flat and braided. And of course I always need a weekly candle closing above resistance line and then wait for your respective pullback or consolidation above the 12.00 price level so that it is done to the idea that the bulls are in control.
Others aspects i like of this company is that the technology industry in the past years have been in bull trend save this company and the majority of people only speak about apple, google, amazon, Facebook, and other fancy names. And the analysts only write bad things about this company.
I forgot to say one thing the resistance line was broken with a gap and this is a breakaway gap in a relevant price level accompanied with a bullish sentiment in technology industry
Look the gap in the daily chart
www.tradingview.com
Patience, and weekly charts :(
Big Breakout for Blackberry todayBlackberry gapped higher on the open today, clearing $12.00 for the first time in nearly three years. At the same time, it has broken out of a sideways channel and an ascending triangle, all signaling the start of a new uptrend. The channel measures toward $13.80 while the triangle measures toward $15.60.
Blackberry - To start opening long positionsIt has been accumulating for really long time and it looks good to great the long-term resistance.
To open long-term positions the closer it gets to $8.00
If it doesn't go to the bottom and it breaks $10/$11, wait for a pull back and volume confirmation for opening of positions.
