Xafada

$BBRY Is Back in Action (Shorts vs Longs)

Long
NASDAQ:BBRY   None
2
The stock is one of the heavily shorted companies as of the last time 20% and today's rumors did not stop buyers to bet on either takeover or a real turnaround for recent new management effort to stop bleeding. From purely technical prospective, the chart also is suggesting a possible breakout and the large inverted head and shoulder's top formation has some merits as well, the only scary things I see is the formation of bearish flag/and or pennant that may knock off the price back to 8.71 area before this happens the daily chart suggest that price could go as high as 17.00 next 3-6 months provided that price breaks out above $11. Longs have a better chance than shorts and we are on the long camp for now. If you want a real time alerts try www.2waytrading.com

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.