BB 14 had doubled, NOW WHAT? Stay with the Horse!Stock overbought on RSI but other momentum indicators are still positive.
Low priced stock like BB, after waking up from a sustained coma, tends to run much higher than expected move (currently outside of 3ATR).
It's a real company in a market where fake companies can have billions of market cap, so why not Blackberry which has a long history telecom platform and data security technology that were so good it was used by all the leaders of the world.
CEO John Chen is not going to get paid big until stock above US 16 and 20. He is methodically working on it.
Another one also could run is Nokia NOK at $4.2. A real co with near 30% market share for 5G. I could not believe how cheap it is, 1x sales! in this 100x sales market for many companies with no cash flow or profit.
BB
$WKHS | Workhorse: Bullish Falling Wedge [Update 1]$WKHS broke out of the bullish falling wedge that was shared in my previous idea.
Watch for continuation to the upside.
Initial Targets: $24.70 | $25.70
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous $WKHS analysis here:
BB $7.5: Lotto Stock of the Year for EV PlaysBB or Blackberry has been in a coma for 5+ years and it showed some life this yr. It's a company with some depth in communication software yet does not know how to package it. EV comes to the rescue by them signing up many of the key players including AMZN.
Technically it looks great: a long base, volume picking up, Momentor indicators (MACD and STOCH/RSI) titled up.
An easy target is $9, ideal entry is 7 or 6.5 if pulls back. On a longer horizon, the sky is the limit.
BlackBerry - the sleeper has awakened? Ok, so this one underwent major transformation from dealing hardware to becoming a fully cloud revenue business. Currently stats say that 90% recurring rev at around 60-70% margin on the products. Soo I think this is not getting the deserved attention as it should. Probably still hated from the dawn of the phone wars but it has just attempted to break-up the 2018 black downwards trendline. Currently still in a descending channel, but I see next stop at min $6.50 from here.
I will draw some lines to estimate moves next.