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BLACKBERRY LTD

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BB trade ideas

Blackberry_(NYSE:BB)_May_16_2018Since the demise of Nortel, Blackberry was the darling of the Canadian Tech Sector till about 2008. However, the rise of Apple combined with the Great Recession of 2008 caused the stock price of BB to drop from $130 to $40. Proliferation of touch screen phones running on Google's Android platform since then further contributed to the stock's decline. The stock was trading around the $9-10 range in 2016-2017. However there has been some recent interest in the company owing to its expertise in developing corporate security products and how those same technologies could be leveraged for the Internet of Things (IOT) world. Currently, the intermediate term trend is bullish; the short term trend is bearish. I think the chart pattern can be either classified as: 1) Descending Triangle 2) Symmetric Triangle The burden of proof leads me to believe that a descending triangle is more appropriate. I think by the next earnings call (later this month) we will know which way BB will break out. If the breakout is towards the positive side, I see the stock price trading in the $14 price range. If the breakout is negative, I see support around $10.25. Based on the last few earnings report, my guess will be that the stock will make a breakout in a bullish manner. however, I will wait a few more days to confirm the trend before buying in. Happy Trading!!!
NYSE:BB
by advisacorp
Holding 50% retracements and possible further upside cycles. AI and the driverless car will get more traction in next generation cars. Manufacturers will embed this AI(QNIX) into cars and ready to use and make it available for consumers. In fact, many cars have those Adaptive Cruise controls type of features. It means BlackBerry customer base and revenues should be incremental. Next generation applications should accelerate with 5G availability soon in 2019~2020. MACD weekly indicator got reset nicely. Good Luck !
NYSE:BBLong
by simbha