The Blackberry Ltd (BBRY) Daily Diagram Technical Analysis Training shows the following:
The (BBRY) share is on a sharp uptrend. The support lines 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 for some consolidations between $10.76 and support lines.
The volume is increasing day by day.
There is no special candlestick pattern or you can think of a morning star today(? on close ? but we are on uptrend so..). 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 $5.70 to $10.76 shows 1.618 projection @$13.89 for a first target.
So get long in spite of any correction. Stop loss under the support lines.
The (BBRY) share is on a sharp uptrend. The support lines 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 for some consolidations between $10.76 and support lines.
The volume is increasing day by day.
There is no special candlestick pattern or you can think of a morning star today(? on close ? but we are on uptrend so..). 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 $5.70 to $10.76 shows 1.618 projection @$13.89 for a first target.
So get long in spite of any correction. Stop loss under the support lines.
