Blackberry
BLACKBERRY LONGTHIS STOCK IS SETUP FOR A LONG WITH THE CURRENT MARKET STRUCTURE, TARGETS ARE 12 AND 30
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.
BBRY lines of price action (with a little blue squiggle)BBRY are reentering the smartphone market, that's almost a given, coupled with their large amounts of cash, patents and investments I believe that BBRY as a company will return to their previous heights.
BlackBerry Looks Weak on Weekly ChartBlackberry reported fair to poor earnings on 6/23.
(.05) per share, but reaffirmed guidance on software.
Revenues improved in software, but lower than expected overall.
Company convinced it still needs to make phones, even though they have no traction there currently.
Software and IoT force in the near to intermediate term.
Stock hit resistance and dropped like a sack of bricks.
Bollinger band expanding into negative territory.
Target price close to 8.50, 8.00 in the next three weeks.
I'm long BBRY because it's greatly undervalued on a purely book value basis (cash on hand + patents + software business, etc. = $6B - $8B depending on valuations; current mkt cap $4.7B). While it should improve by about $2.25/share minimum, in the short term, this could drop farther.
BLACKBERRY - Meet Me At "The Wedge"You are looking at a WEEKLY chart of BBRY. Since my last published idea on this stock I made a couple slight adjustments to the chart.
1) I added "many false breakouts" to the Recent Resistance label
2) I added another uptrend line and adjusted the one that was originally there
3) I removed all the "mystery chart" stuff since the game was over as quickly as I posted the chart
Lets talk about the wedge that has been forming for almost 2 years now...
You will notice that the resistance line is just where it has always been. BBRY can't seem to get ( & stay ) above the $11 ish level. I guess the market doesn't think it is worth $11 at this point in time.
You will also notice there are two uptrend lines on the bottom of the wedge. The lowest one just represents worst case scenario lows while still being in an uptrend. If BBRY closes and stays below this lowest uptrend line I would be out of the stock. I may even consider a short position.
BBRY recently dropped to the mid $8 range. It turned out to be a great place to buy the stock. Notice the horizontal line labeled "Resistance becomes Support"? Yea, it happened again. BBRY came right down to that support and turned higher.
The higher of the two uptrend lines is a much more common support level. I consider this the actual bottom of the wedge. When BBRY touches this line it is like getting a green light to try a long postion with a comfortable stop. More times than not it goes up after touching this line.
Now remember, when BBRY closes above (and stays above) the wedge you can expect it to go higher. Or if BBRY closes below (and stays below) the wedge you can expect it to go lower. This is not a guarantee. It is just a general guide.
Let me give just one quick comment about the "rumors" swirling about BBRY's future. DON'T LET RUMORS INFLUENCE YOUR INVESTING...
Why? Because by the time you hear about the rumor, "the big boys" have already begun purchasing shares and pushed the price up. It the rumor turns out to be false, they will get out before you do. What does that mean? They will lose a little money but you may lose a lot of money. Rumors = Risk. Limit your risk.
Technical analysis gives us "little guys" an opportunity to play the market on a more level playing field. This wedge formation is technical analysis. If you saw the wedge when I posted my "mystery idea" about BBRY and decided to invest back then, you would already be in the stock.
#Blackberry looks stronger, could be takeover targetWith FireEye and Cyber very hot, and Raytheon buying WebSense, Blackberry looks cheap and very buyable. CEO John Chen wants to build BBRY to a bigger company (20.00+/share), but a 16.00 offer is viable. Majority shareholders could push hard enough to give in. I'd like to see BBRY get more partnerships that make it indispensable. Ultimately should be worth upward of 24.00 - 30.00, but short term needs Samsung, IBM, Apple, and more to get it back to health.
The Opportunity's Blackberry "BBRY" Could Be Capitalizing On. I believe, fundamentally, that blackberry is undervalued at its current share price and this is why. Initially that had a hard time keeping up with the competition, and lets face it the Z10 and the Playbook were both major flops. But a business can, and should use its failures to its advantage, and use it to tweak their business model which is what BB seems to be doing.
They have come to the understanding that, "Maybe we can't keep up with Apple in the consumer market, but we're still holding up the business world, why don't we capitalize on that"; which is exactly what they are doing. With their new product the "Passport" which was announced earlier this week, they have created a device that is is targeted to people in the business world. They have adapted their business model to suit their target audience, rather than fighting to hold a weak position in the consumer market.
Another huge asset that BB has, that many others are unaware of, is their secure network that is completely "off the grid". Any sensitive information is inaccessible to the outside world for hackers to obtain. Apple boasts about their security, yet hundreds of celebrities icloud accounts were hacked simultaneously earlier this month, while their private information was published to the web.
On top of that Apples new "IOS 8" operating system has had major issues, and the latest iphone has had several reports of bending in peoples pockets. Blackberry has a window to capitalize on the mistakes of apple, but its closing. Remember when Samsung mocked apple during the iphone 5 release, for their gimmicky marketing tactics, when Samsung introduced the Galaxy s3? That campaign alone allowed them to steal a huge market share from Apple.
I strongly believe BBRY's next earnings report will be in the green. There is no reason why the Passport should flop, unless there is a catastrophic failure that has yet to be found, which is unlikely. By narrowing their target audience, they can focus their expenses, and maximize profits by wining over a particular market share. Making their product exclusive, it will inevitably become a desired product.
Blackberry Ltd Daily (11.Sep.2014) Technical Analysis TrainingThe Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) share moves sharply high today trying to breach $10.51 (0.764 of fib) resistance. MACD tries marginally bullish and RSI is 60.
The share is above the KUMO, the Kijun Sen and Tenkan Sen too (bullish). In addition it is above EMA 200.
As you can see on the diagram BBRY has made a reversal pattern towards to $11.58 as next target. Above that $13.40 is the next resistance - target.
So long above 10.51 for 11.58 first. Stop loss under $10.
Blackberry 14.08.2014 may be interesting in 15m diagramAs you can see in diagram Blackberry (BBRY) has made some consolidations for four-five days now that is like a reversal pattern (bottoming).
It is trying to breach the KUMO and the KUMO twists.
MACD and RSI is trying to get bullishness trend.
I think this is a very interesting point of a long setup for 9.75 first and 10.30 secondly. Watch the resistance line.
Blackberry Ltd Daily (12.08.2014) Climbing The Ridge of KUMOThe Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) turn its' trend to bullish slowly reacting from EMA 200 and KUMO Span A. Now it is climbing the ridge of KUMO exactly on SPAN A support.
The correction has stopped at 0.382 of fib and now is above the 0.5 of fib for 0.618 @ 9.89
After Friday's bullish engulfing I expect BBRY to reach the Kijun Sen breaching the Tenkan Sen today.
Long for it . Stop loss under KUMO.
Blackberry Ltd Daily (02.08.2014) Technical Analysis TrainingThe Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) share was on a sharp decline the whole last week,
BUT.....
As you can see on the diagram BBRY is under this short term resistance line (purple)
when Blackberry acquire Secusmart and BBM is a fact for MSFT users.
I can not understand why these are bad news for such a decline(technically is logical movement (0.5 of fib))
So I design some tech indicators and tech patterns in order to make a try to clear the whole image.
Is BBRY desperate to lunch BBM for Windows Phone or this is the Gold App that can bring users to BBM Software (secure).
The diagram says the Following:
If BBRY reacts from here and confirms the golden cross and the 0.5 of fib resistance then get long for $11.56
If BBRY stabilizes under the EMA 200 & 100 then short for 8.23 first.
Get start on Monday .... and watch carefully
Blackberry Ltd Daily (29.07.2014) Technical Analysis TrainingThe Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) share is on a sharp decline. The resistance line is above the KUMO, which means that the BBRY is weakly bearish (inspire of -4.4%). The weekly diagram shows neutral trend into the KUMO.
So the first think in mind is that BBRY look for new support lines at around EMA 200 or $9.40. MACD is forcing its bearish trend and RSI too.
The volume is above the average. The 0.5 of fib is @ $9.38.
There is no special candlestick pattern. The share is above the KUMO & EMA 200 but it is under the Tenkan Sen (green line) and Kijun Sen (blue line) too.
I think that we are on a handle pattern of a cup so I believe that EMA 200 will be the bottom. Short until it breach the resistance line. Be careful at EMA 200.
P.S. In after hours transactions OTC 1,487,681pcs of BBRY sold @ $ 9.7939. For more long term info take a look at my previous analysis.
