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Technology Stocks : BB: BlackBerry (fka RIMM: Research in Motion)
BB 3.945+4.8%Dec 22 3:59 PM EST
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To: Sultan who wrote (1279)1/15/2018 11:57:41 PM
From: stuffbug  Read Replies (2) of 1833
 
BB - USD chart.

On the daily chart, BB is above all of my trend averages. In April '17, it gapped above the final average and has remained above that trend average ever since. Over the past 9 months it has declined below some of the shorter term trend averages but always managed to rally back above them. So, by my methodology, Blackberry is in a momentum breakout mode on the daily chart.

Major overhead resistance is now established by the weekly and monthly charts.
Weekly Chart - 3 remaining overhead trend averages, currently at USD $24.88, $26 and $32.
Monthly Chart - 4 remaining overhead trend averages, $14.50, $25, $25 and $22.

After gapping above the daily trend average at $8.35 Blackberry ran into resistance at a weekly trend average in the $11 area and it took about 3 months to finally that trend average. On one hand, I would not be surprised to see BB doing a lot of backing and filling near the current price level, especially considering that the next major resistance area is roughly 70% higher. On the other hand, the latest rally is only 5 weeks old and could extend for another 5 - 7 weeks.

As long as the trend on the daily chart is UP, keep a firm grip on your shares.
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