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BB trade ideas

?Flag formation on BlackBerry. BBIt looks like one from Bird's eye view. If this is true may be climbing even further up. This is assuming that we are finishing up Wave 4 of main impulse. Time will tell. Fibonacci goals are in green, reversal or invalidation is in red. This post is not financial advice, make your own financial advice or pay a certified professional ( you are to statistically faire better at blindly longing SnP500 incase of the latter). Playing on the market whether you are an investor or a trader is risky. No good thing is ever without. Good luck out there.
NYSE:BBLong
by Rykin_Capital
Potential Start Of Bull MarketOverview: I believe that BB has hit its bear market bottom and is starting its bull cycle, the arrow on the chart shows where I believe we are at in the current cycle compared to the previous cycle . I've highlighted the full bull/bear market cycles with a white box on the chart. The reason the first cycle was much shorter than the second is simply due to having very low liquidity, this is seen in every asset class . Once a stock (or any asset for that matter) is established enough and has a market cap of tens of billions of dollars at it's bull cycle peak, it starts to follow similar timelines, just look at APPL's recent ~1000 day cycles or Bitcoins 4 year cycles . Now onto why I believe that BB is starting its bull cycle. There's a few reasons why I believe that BB has started its bull cycle which are- the ABC correction has completed, price action broke through the downward bear market resistance, there's been a long-term accumulation and there's a potential bull market uptrend line forming. ABC correction: The ABC correction has already played out. We see the first lower low in the recent cycle, market with a white "A" followed by the first lower high, market with a white "B". What happens next is the "C" wave, which breaks the bull market support line causing a massive retracement. What also typically happens in the "C" wave is there are 5 major impulse waves down (grey numbers). Just because the ABC correction is completed doesn't mean the bull market will start right away, there's often a long term accumulation period which follows the bear market. Accumulation The accumulation period is when institutional investors start accumulating before the next bull cycle. The accumulation phase takes place between the bear market bottom and the start of the bull market. This is the best time to buy the stock if you're planning to trade cycles . Accumulation phases can often be long and drawn out when an asset isn't yet established enough for market cycle timelines to be known by the general public, which is what we see in BB. Accumulation phases are also meant to turn retail investors away by having little volatility in the price action, making the average person think its a "boring" stock. Resistance break In BB's previous cycle there were 2 major resistance lines. The strongest was a downward resistance (red line) which, once broken, formed the bull market uptrend line (blue line) and started the first wave of the bull cycle. The second resistance (red line) wasn't nearly as strong as the first, but getting to it and breaking it creates the first higher high which is confirmation of the bull market. From there you see impulse waves 1-5 play out which is the bull market in its entirety. Recently, BB has broken its major downward resistance and back tested it as support . Since price action "hugged" the top resistance line (multiple closes back to back rather than just wicks touching resistance) before the breakout, it shows that the break was strong and it's unlikely that bullish momentum wouldn't continue . Another thing I'd like to go more in depth in is the bull market uptrend support line (blue line). In the previous cycle BB started forming the uptrend support line right before the breakout of the downward resistance, which started wave 1. Wave 1 deviates hard from uptrend support line, then wave 2 holds the support line as support before going parabolic, which happens to every asset class in a cycle. In the current cycle, BB not only broke the downward resistance but has formed a support line which it's held before and after the break, similar to the previous cycle . I would expect this line to be (somewhat) held until the break of the second resistance level. After the break, price action should start going parabolic as we see the first impulse wave of the bull cycle. What to expect The previous bull cycle hit the 1.414 Fibonacci retracement level on the logarithmic scale and got above the 3.414 Fibonacci retracement level on the regular chart. If the same were to happen for the coming bull cycle, the price targets would be ~$500 to $680. Personally, i find the logarithmic chart more accurate when it comes to using the Fibonacci retracement tool which means i think the price target would most likely be a minimum of $680. Please note that this would take 5+ years to come to fruition, similar to the previous bull cycle.
TSX:BBLong
by Iamasloth
2
Blackberry overview - Getting close to breakout?Here is a quick look at BB on TSX. Over all, its looking like a triple nest, that's approaching the downtrend line from the Jan 27th and June 3rd highs. We're about a month away from crossing it if we stay in this prize zone, but with earnings coming up next week, we could see some action if the numbers are positive. I don't like to think of this as a meme stock, and I don't keep up with the short squeeze possibility on BB, so DYOR if that's what you're hoping for. I'm just looking at this with an Elliot Wave analysis overlain on a pitchfork. I really like the pitchfork because its held up key fib levels. There is a possibility that wave 2 isn't in yet and we could head to 11.19...that's where we find the 1 period on the pitchfork and a previous resistance shown in red, but i don't think we will break ~12.65 unless earnings is a real dumpster fire. Note the increase in volume on Sept 17, which is quad witching.....could be a good indicator that flow is positive into this name for the next quarter. Worth a shot with a buy here around $12.80, SL at 11 and PT1 at 19.75 and PT2 at 25.90, a potential 3.77-7.05 R:R.
TSX:BBLong
by ir-rizzle
Blackberry RebornThe all-time historical charts for Blackberry reveals a rare yet very volatile pattern with an Expanding (Impulsive) Diagonal. —— All guidelines are met during analysis: Wave 1 = 5 Waves Wave 2 = 3 Waves Wave 3 = 5 Waves Wave 4 = 3 Waves Wave 4 also crashes down into the zone of Wave 1. —— With these indicators given, we can expect Blackberry to catch rise and meet the pending trend line test near $800 over the next 4-6 years. This move must be timed with intention as the following correction averages 78.6%.
NYSE:BBLong
by DigitalSurfTrading
1
Blackberry (BB) Wyckoff Accumulation - Trending for BreakoutAccumulation on the monthly for the last decade. Spring confirmed with the recent share price surge to touch the monthly 200MA. Price resetting to the mean within the Trading Range (TR) before surging again, setting resistance points above the TR. Price now below the centerline of the TR and establishing what I believe is the Last Point of Support (LPS) around 10$. Look for price to test the top of the TR again at any time as Phase E Aggressive Markup takes place. New highs incoming for BB, this is the monthly so prepare as it could take a while, but when it takes place itll go quickly. Good spot to accumulate a position around 10$ as it prepares to say goodbye to single digit prices. See similar monthly Wyckoff setup play out on MVIS a few months ago.
NYSE:BBLong
by halfire9000