The Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) share is on a sharp uptrend. This support line is above the KUMO, which means that the BBRY is bullish in long term. The weekly diagram shows bullish trend in the KUMO.
So the first think in mind is that BBRY has stabilize its price over the $9.55. MACD is forcing its bullish trend and RSI too (even in overbought levels). Maybe a little resistance at 10.76.
The volume is increasing day to day. In earnings day was 6 times the average.
There is no special candlestick pattern or you can think of a bullish engulfing candlestick today(? on close). The share is over the KUMO and it is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is cup with handle pattern with 100% projection @15.92. The fib from $5.67 to $10.76 shows 1.618 projection @$13.90 for a first target.
So I think that BBRY has seen the long term bottom finally.
The (BBRY) share is on a sharp uptrend. This support line is above the KUMO, which means that the BBRY is bullish in long term. The weekly diagram shows bullish trend in the KUMO.
So the first think in mind is that BBRY has stabilize its price over the $9.55. MACD is forcing its bullish trend and RSI too (even in overbought levels). Maybe a little resistance at 10.76.
The volume is increasing day to day. In earnings day was 6 times the average.
There is no special candlestick pattern or you can think of a bullish engulfing candlestick today(? on close). The share is over the KUMO and it is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.
There is cup with handle pattern with 100% projection @15.92. The fib from $5.67 to $10.76 shows 1.618 projection @$13.90 for a first target.
So I think that BBRY has seen the long term bottom finally.
