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Blackberrystock

Can Black Berry Stock ($BB) Re-awake? As Memestocks SurgeBlackberry's stock ( NYSE:BB ) price has fallen by over 90% from its 2021 high, indicating a decline in the company's business. The company's annual revenue dropped from over $1.04 billion in 2020 to $843 million in the last financial year, and it reported substantial losses, with the largest one occurring in 2020. Blackberry has lost over $2 billion in the last five years. The company's Q1 revenue was $173 million, with cybersecurity contributing $92 million. IoT revenue was $66 million, and licensing rose to $15 million. Management expects the loss-making to continue for a while and is working to fix it through cost cuts. However, Blackberry is still struggling to reinvent itself, as it exited the industry and left Apple, Samsung, and Huawei in charge. Blackberry ( NYSE:BB ) is now aiming to become a leading player in industries like automotive, cybersecurity, and the Internet of Things, but these sectors are not growing as fast as they used to in the past. The company faces substantial competition from other companies. Blackberry ( NYSE:BB ) and other meme stocks surged by double-digits this week after the return of Roaring Kitty, with AMC and GameStop leading the charge. The stock price has moved sideways in the past few weeks, and remained below the crucial level at $5.80 and the 50-day moving average. If this is correct, the stock will likely jump sharply as buyers target the key resistance at $5.80, which is about 87% above the current level. This view will become invalid if the stock drops below the year-to-date low of $2.50.
NYSE:BB
by DEXWireNews
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 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BBLong
by Saxo
BlackBerry Falling? BlackBerry - Short Term - We look to Sell a break of 8.38 (stop at 8.97) Previous support located at 8.50. The primary trend remains bearish. The trend of lower highs is located at 9.50. A break of bespoke support at 8.50, and the move lower is already underway. Our profit targets will be 6.53 and 5.80 Resistance: 9.50 / 10.00 / 12.00 Support: 8.50 / 8.00 / 6.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BBShort
by Saxo
Trade Idea💡: Ticker (BB) Black Berry 🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume . ✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume . The red spinning top at supply closed with over 144 million volume . After a healthy retracement to the downside, we were able to find support just below the 9MA (blue curve) where we formed an engulfing bullish pinbar . ✅We also have a double doji inside holding the 9MA (Circled Angle). This tells me that a big move to the upside or downside is approaching. Based upon the previous trend and unusal order flow. I am anticipating a strong impulse to the upside in the near future. ✔️Confirmation: I would like to see BB gain strong volume above 16.25 for an upside move to 18. 🎯Anticipated Targets & Stop loss: Target 1: 16.25 Target 2: 16.50 Target 3: 17.00 - 18.00 Stop Loss: 15.75 🤝Contracts: High Risk- 17.5 BB 06/04 EXP Low Risk - 15 BB 06/11/21 EXP
NYSE:BBLong
by KingJerryB
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