BB - Double Bottom Update I believe BB will undergo a double bottom
This double bottom will take place with the second bottom hitting the middle line of a strong down channel
This adds to my previous BB post
BB trade ideas
Blackberry / BB - 'Tis No Bubbling Volcano, But 'Tis a Geyser.I'm not a big fan of the meme stocks and I'm not a big fan of speculating. However, I was scrolling through the charts and I noticed that Blackberry BB had a unique tell in its monthly chart, which I will show inline since I have to make the post on the weekly candles, otherwise it won't display:
Simply put, BB has never broken its pre-meme pump and dump lows from the times it was front ran by the Marxist-Leninist PR brigade on Reddit/WallStreetBets.
It also has three months of relatively equal, subdued prices, before experiencing a small breakout this month.
And this pattern is something of a fractal to what we find in the weekly candles of our good friend BBBY Bed Bath and Beyond, but only on the weekly chart. Note it also never broke its weekly lows:
What's really notable is that Citadel Securities, which is more or less the dark pool market maker that keeps Robinhood, where retail lost $5 billion "Apeing" calls on memestocks during the biggest bull run in stock market history , in business, bought 1.966 million shares of BB, reported in June 30 disclosures.
Citadel also bought 2.265 million shares in BBBY, which was also reported in June 30 disclosures.
I said in my recent BBBY call that the fact that Citadel hasn't unloaded their BBBY bags (yet) is the real thing to watch, while Ryan Cohen's exit was a mere red herring.
All of that is just circumstantial stuff, but Blackberry did break out of its three month consolidation, took out a new high early in the month, and has made a healthy retrace without any particular bearishness:
The July --> August run was like 35%, which is pretty good in anything.
As of now, there's exactly zero chatter on Reddit about BB pumping, except for this one thread titled "BlackBerry is the next play by the apes" from last week, which was downvoted to oblivion and filled with mocking comments such as "Hahaha… how heavy are your bags???" and "People have been saying this since gamestop lol."
I've said repeatedly that social marketing, not social media, venue Reddit will not begin to promote a stock until it has already pumped and you're already paying way too much for options.
You aren't looking at organic posts by fellow college kids, but instead you're looking at a hybrid botnet/public relations firm pretending to be normal people for the purposes of having you inculcate yourself with atheism, leftist Party narratives, pornography, and to come and lose your inheritance to the market makers paying them.
So a lack of social hype, in combination with price action, in combination with Citadel taking a significant position, gives good pause to consider if BB is set for another fat pump and dump style weekly wick that will burn the hands of suckers who buy the tops.
Personally, I think it is, and the target is around $15. I expect it to be the usual lackadaisical long candle with marginal hype and a quick cooling off period that accompanies some other things going moon and then collapsing all at the same time.
So, when you see BB go up, don't chase it. Your "fear of missing out" will turn into an expensive spot on your Roth IRA's shelf.
And my usual reminder: Reddit is partially owned by Tencent, an arm of the Chinese Communist Party. Reddit wasn't your friend before Tencent took a stake, but they're even less anything but a filthy Marxist maelstrom to fall into now that the Evil Party has its hand around several of its ribs.
BB About to Go Parabolic?BB is repeating the accumulation algo prior to January, 2021 and it's moving about twice as fast.
In Dec 2020, #BB broke above the (red) downtrend and within 6 sessions gapped up 60% before retesting a major support level. We've been in this same cycle for about 7 months and we're about to pierce the (red) downtrend. If the algo is going to repeat itself, we'll gap up within 3-6 sessions before retesting back onto the parabolic curve.
Fruit shoot? BlackBerry
Short Term
We look to Buy at 6.18 (stop at 5.57)
Previous resistance, now becomes support at 6.20. Price action looks to be forming a bottom. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 6.20, resulting in improved risk/reward.
Our profit targets will be 7.95 and 8.49
Resistance: 7.96 / 8.50 / 12.00
Support: 6.20 / 5.25 / 5.00
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BB breaking out on all fronts.Of course, this will likely reverse if spy reverses, but fingers crossed.
Long $BB long $BB 1st target 8.80 then we see 10.20 ultimately 14.50 this is a 5yr chart so it will take time for this to play out
Wychoff Trade IdeaXXX bag holder with an average of 5.60 looking to turn that into XXXX bag holder with options. im long on this for the long run. this will probably be the best trade of my life but nonetheless if this model holds true. I would be looking at the future areas of interest I labeled and use the trend lines or fib levels as a reference. good luck out there. #BBfor1000
BB - Similar BottomsBB has formed a similar bottom (green arrows)
This is a possible break out of a larger formation
I expect bullish results on this 4D chart
Blackberry RebornBlackberry has very nice upside potential but considering the timing of the historical swings, waiting 5-6 years for a 30X move is not something I'm personally interested in. The Digital Surf Community has outlined numerous other stocks/cryptos with high trajectory that are likely due for completion at a much earlier timeframe.
Blackberry is a bit of nostalgic company for me however and I am very much rooting for their future success. I bought a Blackberry Sidekick with my first military check, well over a decade ago. Its a bit refreshing to see how they've rebranded themselves and made a transition from cellular services to now working in the Cybersecurity spectrum (which is now a professional field for me as well).
I am not entirely sure what news is to come for BB but over the next few years but it shall be the beneficial/good kind. If you have 4-6 years to wait on such a 30X move, now is the best time to enter your positions. Personally, I don't have that much patience and honestly, the anticipated 30X move pales in comparison to some of the other items we're currently monitoring at Digital Surf Trading Community.
If you're a Blackberry fanatic, die hard investor, this is for you. Share, comment and like this post if you find it helpful at all.
Surf well and don't drown.
BBLONG-TERM: Falling wedge breakout with a daily bullish engulfing candle off a major historical level, after confirming triple classic bullish divergence. (not financial advice)
Long BB Struggled to make money on longs with this one. Did okay in shorts but have not gotten much value out long attempts. Some breakeven trades were about the best. Trying again. Good support levels.
Battle: Bulls Vs BearsLook at this Price Action on the Yearly VWAP (purple) Somebody is gonna get stomped out this earnings. Im feeling good about this. Volume is really starting to pick up. Up big so far. moon soon?
Adding to BB long positionAdding to position and moving original stop to breakeven to keep risk low.
Blackberry loading upimo bb is retesting downtrend from "08
my idea is we have major vibration in our current area between bulls and bears.
bears are fading and after we breakthru that downtrend we should retest and then maybe we lift off like tesla
Blackberry with an og playjust needs the market to hold and i feel like blackberry can level up to its main supports around $8/$10 bucks solid bounce coming though
BB forming a cup and handle pattern...?I am long in BB.
but I am trying to learn to recognize patterns...
$BB - Blackberry - investment idea 💡 ⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
BB long trade BB is one of my favourite picks for bullish market conditions. BB over the last decades has been one of the best examples of why, "This is going nowhere" or "The tech's disruptive" sort of statements may be short-sighted. BB was once doing the coolest things imaginable and they quickly became a shadow name, and the stock price reacted.
Recent price action in BB does not look too good, but we're into big support levels now. But BB has been down for a long time. The company did go anywhere. I've heard they're doing cool stuff now. I think BB is probably one of the best RR opportunities if we're in broad bull market conditions
