Blackberry Higher Time Frame Analysis
Hello everyone:
Seems like BB, together with other stocks are the talk of the town these days, so I thought I will provide my price action outlook on it from a long term perspective
We can see price was right back to the all time lows of around $3, formed a HTF double bottoms.
Price did move down to the lows within that descending channel reversal correction, which is a good sign for the price to get into a bullish momentum when correction completes.
We then see a strong break to the upside, and potential breaking out of the previous swing highs. This can be the start of the next HTF bullish run.
To confirm the further upside potential, look for LTF continuation correction for the buys.
thank you
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