fizzleblam

$BB Goes to $4.50?

Long
NYSE:BB   BlackBerry Limited
In my previous chart on $BB, I wondered if BB would pick a true direction in the coming session and speculated it would be another trend downward. Looks like I was right. I see two possible paths from here: (1) BB walks down to about $4.40 and then starts to move back up slow and steady to the middle or top of the broadening channel; Or, (2) we see a precipitous drop to about $4.20 and form a *spring* that leads to a significant bounce. I'm fine with either. I like cheap $BB shares.

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