BB trade ideas
BBLONG-TERM: 4hr and Daily Hidden bullish divergence, bullish bat, breakout of downsloping channel, bounced off a historical level. (not financial advice)
bounce off imminent. Call options are cheapBreakout from the falling wedge. Waiting for it to test it's previous high
Blackberry BB OutlookHere we see BB creeping up on its trendline established around November 2020. We have seen no real rise from BB and volume has been very down. There are a few signs that point to the downside at the moment.
Let's take a look at the RSI for example. BB has consistently stayed above this red line since its reversal and has kept bullish momentum. Here we see BB is starting to potentially break under this red line which indicates a change in momentum. This could be a bearish sign if BB still holds strong selling pressure.
This is a look at the slightly bigger picture where we can see BB has broken down from its original bullish structure and has since retested this trendline. There was a clear rejection at this level which is a very strong sign of further downward pressure.
Another key thing to note here is the lack of volume! BB can't rise unless there is a rise in volume. The Speculative Market has taken a huge hit in the last 2 weeks and many investors are timid to get back in.
Furthermore, all is not lost yet. Here we see BB is still above the original bullish trendline established after the initial breakout. Until this level is lost BB is still bullish in the long term. The short term may have a high potential for further downside but the big picture is still promising.
BB is in a very strange position. It's very hard to gauge the next move because volatility is down and market conditions are very muddy at this point in time. Looking for more clear signs for the short term. I have given what I expect in the chart!
I hope this analysis helps in any way and questions are more than welcome! Happy Trading!
Blackberry $BB going to $7.70 if we don't hold the resistance?Resistance seems strong around $10.63. Will the bottom go to $7.70? Share your ideas, please.
BB, Short term high 10s, BearishBB sunk below the 11.40 support and now has to face it as a resistance. Failed to climb over it today and is now on a downtrend towards 10.90. AH Confirmed it and is now trading at 10.97 at 7pm EST. Tomorrow will be an interesting day as we will see it attempt the 11.40 again or will it fall and find a new support around 10.50? Depends on volume, buying trends for the day and of course the gods themselves, wall street bets.
$BB | BlackBerry | Price Is At a Key Trendline & Horizonal Pivot$BB bounced after touching the 786 fib retracement and is trading right below key price structure.
The upper trendline & $12 level will be used as initial breakout confirmation structure with secondary confirmation above $12.50
Targets $13.50 | $14.50 | $16.00 (although these are likely to change)
BB Short term, Push past resistance and were looking at 100%+If BB can push past the $11.80 resistance we can see a breakout, if it fails were looking at high $10s.
Up little fellaBB still has a lot of barriers to break but the long term up-trend seems to be establishing
BB long, PT short term $13.00No where near qualified to give financial advice but today was a good reversal for BB, if they can break out from the 11.80 high i think a breakout to $13 is near. Same is true depending on it it drops near 11.35-40 levels expect to see the high 10s again. Id appreciate some slack as this is my 1st post and first analysis, trying this out for fun now as im learning more.
$BB falling wedge into breakoutA falling wedge pattern shaping in the BB price action, with increasingly lower price volatility inside the tapering wedge and MACD crossing, BB is setting up for a breakout upwards. With cyber security being talked about left and right, a reversal could be in the cards.
Blackberry BB Looking For a Relief BounceChart says it all. Judging by this analysis BB will likely break down from $12 and begin to test the $11.50 area sometime this week.
BB needs to find support around $11.50 and from there we should begin to see the bounce starting next week.
Targets are:
~$13
~$13.50
This is not financial advice, please always do your own research and analysis. Happy Trading!
BB round bottomLooks like a round bottom forming here at/near the site of the previous gap (might dip to more convincingly fill, otherwise it might be satisfied... tough call)
Looking to retarget highs in coming weeks.
not financial advice.
BB Harmonics: Let's Ride (Update)!Hello everyone! I previously was having a difficult time keying this one out, when everything finally clicked. Here is the bat pattern which should signal a price reversal. Entry is at 9.52 to 9.03. Stop-loss 5% below 9.03 and exit at 0.382-0.618 retracement between the A and D points of the pattern. Good luck, trade safely, and let's make that money!
BlackBerry Will Be The Next BlockBuster.
NYSE:BB
*THIS IS NOT FINANCIAL ADVICE, JUST VOICING MY OPINION*
BlackBerry was once known as one of the most prominent smartphone brands in the world until NASDAQ:AAPL changed the world of smartphones/tablets by introducing the iOS platform. It didn't take too long until the number of BlackBerry users fell from a high of 79 million users in 2013 to 11 million users by 2017.
BlackBerry now provides security software & services for big companies and has certainly made some notable acquisitions since this reinvention. Though this change could potentially net BlackBerry some impressive gains in the future, we still have to address BlackBerry's situation as of now. And also just assuming that BlackBerry will thrive with this new path they're taking is purely just making loose guesses and no analysis.
Though it has been quite a ride this year for BlackBerry as far as price action goes. I believe we're becoming blind to the fundamentals behind this company. All that chose to ignore these early signs of a massive downfall and continuously chase quick profits with meme traders will lose all their money and very fast.
On January 27, 2021, we saw BlackBerry reach an intraday high of 28.74, which was solely caused by Reddit traders pushing the stock's valuation to a multi-year high. It's also important to note that prior to this surge in price, Analyst Paul Treiber had stated that recent filings showed four BlackBerry insiders sold a total of 170,000 shares since December at an avg. share-price of $12/share.
BlackBerry's Chief Financial Officer, Steve Rai sold roughly 33,000 shares ($428,731 trade value), his entire position in the company on January 21. Chief Marketing Officer, Mark Wilson, sold 78,500 shares ($991,455 trade value) & Billy Ho who leads a division within BlackBerry also sold $259,000 of shares for a combined worth of $1.7 million worth of BlackBerry stock sold by executives within the company.
Of course, it's never clear as to why executives/insiders close their positions, it does lead me to question the future potential of this company if executives are getting out. It also does not speak too highly at all of their confidence in the company.
On June 3, 2021, after falling as low as 73% from January's high, we see BlackBerry jump to 20.17, again, this was fueled by Reddit traders pushing the stock's valuation. No changes to the business. No fundamental reasons.
Though none of us can predict a security's future movements, I do not see BlackBerry turning out to be an upside play no time soon. Just as I mentioned before in my previous idea.
BlackBerry is extremely overpriced at its current levels, and the correction shall continue.
PT: 8.26
Buying this dip……BB Been holding strong , hammer candle on weekly . Looking for a reversal next week. Reminds me so much of expr . Pt 20 , than hopefully apes can push this to 50.
DD For BBLooks like the descending wedge is just about ready to break the electronics sale is coming to a close for this week. Get some before its too late.
$BB Longpotential cup with handle, hidden bullish divergence developing on both oscillators, target .618 and 1.618 fib extension
