BB trade ideas
Blackberry Higher Time Frame Analysis
Hello everyone:
Seems like BB, together with other stocks are the talk of the town these days, so I thought I will provide my price action outlook on it from a long term perspective
We can see price was right back to the all time lows of around $3, formed a HTF double bottoms.
Price did move down to the lows within that descending channel reversal correction, which is a good sign for the price to get into a bullish momentum when correction completes.
We then see a strong break to the upside, and potential breaking out of the previous swing highs. This can be the start of the next HTF bullish run.
To confirm the further upside potential, look for LTF continuation correction for the buys.
thank you
Add BB at 14 if I am allowed (so far NO), selling covered calls BB is a real company with no short squeeze issue and being banned to trade for a week perhaps even longer says a lot about this "cancel culture" for the powered class. At whims. and 2 different rule books.
However, as a little guy, I am delighted the situation created a great opportunity for weekly income. Sold ATM 15 BB call at $3 last week in bank acts (not RH, TOS, or TW obviously).
Week one: stock at 14 - premium colleted $3 = cost base 11
Week two: stock at 14 - premium collected $3 = cost based 11 - 3 = 8
Although it is likely the premium may be less in a few weeks but I believe it will be elevated for weeks to come.
A similar strategy can be applied to NOK at 4.6. For a low-priced stock with extreme high IVs, sell a COVERED call, is a godsend.
Safe trading and be kind to each other.
Overbought RSI, at strong resistancethis will be sell ON new tomorrow. BB is a big elephant, it cant be moved by WSB. all Stocktweets ppl are super bullish. not even single person bearish. thats another sign. ppl in ST cant move the needle, keep in mind.
Possible Buy the Dip - Decreasing Volume and Decreasing PriceWhile i'm unsure where I want to enter, I want to note that BB for the past two days has decreased in price while decreasing in volume. This could be a great zone to buy the dip. Personally I'm looking for a volume shelf to form possibly near 12.5.
Fundamentally people are just realizing that BB is a software company these days, occupying key niches of the market.
BB TSX Long HOLD [symbol="TSX:BB"]TSX:BB[/symbol] Attention!!!!Dear Investors,
I have been looking into this stock for last 2 years. My Fin Model suggests that this stock reached it's bottom. However, the stock price at the moment doesn't reflect true intrinsic value of this particular stock TSX:BB .
The Company proved to be sustainable in the future.The cyclical transition that the management of the company has achieved is worth to notice. The company has been able to restructure it's operations and get rid of unprofitable operations. The cybersecurity industry growth creates more opportunities for Blackberry, Partnership with Onward mobility will create more a favourable impact on the future.
Taking in to consideration that company is undervalued at the moment, I'm ALL IN
Thanks
BB to the MOON!In a perfect, objective world, we would be seeing a nice pullback to 16.50s and then back up to 20s. Now...considering the underworld grass root revolution happening on the internet I'd say we got a good reason to put on a space suit. :D
BB PennantNo idea which way this breaks, but targets shown in both directions. Just something I noticed, not playing it.
BB BIG MOVEperfect triangle forming here with a casual but important push out of the top resistance. if wallstreetbets is trying to blow something up again, here it is.
$BB 1h Meme stockBB has a lot of short interest ATM. Also in talks with BIDU to help with self driving cars. I believe they're working a deal with AMZN as well.
BB It will drop another $1.50 to finish the fill Gap Up and expect a uptrend to over 20.00/share plus
BlackBerry is revived!Beautiful Cup & Handle and Price Action for BB
A lot of Volume is kicking in!
Their IVY technology is drawing a lot of attention and big names are watching BlackBerry closely,
Amazon recent partnership with BB could send the stock parabolic !
Who’s next !
Their software is used in connected vehicles!
BB finally see’s brighter days and a whole new market to conquer !
$BB Blackberry Long to 21 short term, Moon Long-TermMy Jan. 18 play below for this ticker yielded 5 points of gains, but after some DD, I am now bullish long term on this company. Very surprised by what they offer now. This is now a fundamentals play.
- Very good technology, friends have and do work there and they have good things to say.
- Canada is a growing tech hub, trying to stop the brain drain to the US, BB growth will be fueled by Canadian talent who do not wish to emigrate.
- Transformation to a software company
Key products:
- QNX: embedded OS with a security focus
- IVY: cloud platform for vehicles (think EV and space market)
- AtHoc and SecuSUITE: secure communication system. Governments are still using Zoom and Teams, we need better
I think a pullback is inevitable because of the exuberance of this rally, but I don't mind adding at these prices. 7B Mcap only in this market, when it can grow to a 50B unicorn.
Historic Blackberry Long Around the CornerWith Blackberry's shift from phones into other areas such as cloud communications there's a lot more potential for upside. The company has showed resilience but price is still in a dangerous spot, with hype driving up the market we still need to clear the $20-30 range to be sure this is a new bull trend. You can see that moves like this have rejected and gone back down into accumulation many times. The green Ichimoku cloud starting to form is also a positive sign that will add onto the case for a strong bull trend in coming years. Once the range breaks my initial target is the $75 level.
