Up little fellaBB still has a lot of barriers to break but the long term up-trend seems to be establishing
BB trade ideas
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
Two Trade Ideas - Both BullishSo while I was backtesting a handful of new indicators I came across this chart and couldn't pass up the opportunity to share with all of you.
I went ahead and labeled everything in the picture and at this point in time we are in the perfect buy zone for either scenario.
If stop loss is set under support at the 76.4 fib level then you are looking at about a 6-1 R/R.
By the way, I know BB is a name that most of us haven't heard of since our childhood, but this company has now actually shifted their focus to working on and producing AI technology.
Just as a reminder, I'm in no way qualified to be a financial advisor and I have absolutely no idea what I'm talking about. Happy trading!
BlackBerryI am waiting for a lower low, in three waves from current levels within an ending diagonal.
This diagonal is the wave C in a large zigzag.
Watch for a divergence in RSI H1 to make sure you enter at the best price.
Good luck!
Update….Looks like we filling in that gap like I had said on my previous post , indicators showed this pull back. If we hold strong I can see going back over 12.50 . If not worst scenario we can go back down to strong support where I have it at 10.67. Lmk what y’all think apes !
PAYtience…Will pay , I’m expecting to pull back to fill in the gap . Apes can push this to 50 ! Lmk what y’all think
BlackBerry (BB)BlackBerry seems poised for solid advances in this fiscal quarter. In our view earning per share will be 0.05 USD, with revenue of 250 million. The company posted February-quarter earnings of 0.03 USD a share, yet sales fell 26% year over year, and 4% sequentially. Cash position is safe: the company ended last fiscal year with $739 million in cash on hand and $720 million in 5-year convertible debentures.
BB Needs to Hold Next Level of SupportScenario 1:
Buy 1: $12-$12.5
Stop Loss 1: $11.75
Scenario 2
Buy 2: $9-$10
Stop Loss 2: $8.5
Blackberry BB has a ways to go finishing Wave CNYSE:BB
Blackberry will continue it's down trend for the remainder of the week. Expect sentiment to be bullish before Earnings with a swift reversal because even if it's good news, it's bad. (Right, shorties?)
We are in WaveC of a correction formed from a 5-wave impulse. Wave3 formed on Friday (06/18). Expect Tuesday to continue/end Wave3. Wave4 forms end of Wednesday or early Thursday for crash after announcement.
$10.50 by close Friday
Still bullish overall, just not this week.
