BlackBerry Ltd T.BB

BB - bull flag #2

[Pesyk1]

There is a clear sign that a second bull flag is developing on a three month chart .

[Pesyk1]

When volume stops decreasing, and the price keeps going down, it indicates a long-term bearish signal. Volume is up and the price is down. Falling price with rising volume is a bullish signal.  

[downwithdotcom1]

and quarterly earnings are around the corner...-if the company can start ecking out a profit  (as the new CEO seems determined to do with his focus on cost control) and surprise to the upside, or they miss (like usual) on revenues the stock will move +/- 20% easy.  There also may be news on separation of the 2 divisions ...bottom line this is this is always an EVENT driven story

[Maxmoe]

Wait. You mean the next tick up or down is not determined by the charts ? What else you saying? Horrorscopes aren't real? OMG ! We gotta rely on boring old revenues, cash flows, earnings, fun new gadgety gizmos and apps? Okay, I'll try. LOL. 

[Pesyk1]

Beautiful bull flag forming for the second time on a three month chart  .  Look for lower lows and lower highs for the next day or two possibly, then we should see a significant breakout after .  Technical trading is determined by trading behaviors and volume .  When a stock goes down slightly as BB has ,with heavy volume as we see here , this indicates a very bullish trend