After a halt, followed by some bad news released, BlackBerry now stands to close this week out back below its primary breakout area from roughly ten months ago. I had highlighted this area before, and unless there is a magical stick save now the selling pressure in the stock took price back down to an area which probably should have held in a true multi-year bottom.
Nonetheless, $8.50 is that big breakout area to recapture imminently next week. Below there, and all bets are off for longs.
Also, be sure to check out my Weekly Strategy Session, with the latest version set to be published this Sunday. I will cover plenty of relevant market issues, and present tons of actionable trading ideas on top of the educational analysis.
Please click here for more details about trying it out.
Have a great weekend!
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chess,
PKT might end up a good one next week.
Nice one, gary.
I just got GRAPED on my toe dip into this one from yesterday and I will vow to never touch this POS again.
Brutal, shake it off.
Mutually graped on this one and not in a little way. Also kicking myself for selling NOK right after the BO from MSFT… Bad few weeks for me.
You’ll get ’em next week, Rob.
Like ZIXI next week unless the zombie apocalypse comes.
Nice one, Montrose.