$BB | Bullish scenario for Blackberry confirmed | “Anything under 140$ is a dip!” | Next target 25$

šŸ‡ Next chart update for $BB šŸ‡

Who else picked up some juicy berries?

As I already stated with the last chart update – the former 12$ resistance is the make or break area for the bull case which was finally confirmed yesterday. After the shorts won on Friday 28th May, the bulls took over now.

Furthermore the predicted spike above 12$ occured. The huge volume is a very bullish indicator and suggests a further acceleration of the uptrend. The next price target is around 25$.

A pullback to the resistance at 12$ is not a bad sign. In most cases a minor correction is a healthy feature of a trend. Adding at this point might be an appealing opportunity for new investors. A stop loss below the support of 12$ reduces the risk and provides a good risk/reward.

Price targets:

#1 12$ āœ… 28th May

#2 25$

#3 48$

#4 šŸš€šŸš€šŸš€

This is not a financial advice – I am just sharing my opinion. Please do your own due diligence!

Chart now

Remark: In my original post I stated that I bought around 10$. I added some more shares on last Friday.

https://www.reddit.com/r/wallstreetbets/comments/nmtcr3/bb_technical_analysis_the_bottom_has_fully_been/

" $BB | Shorts won on Friday 28th May – next week bulls got a new chance! | 12$ resistance as Make or Break borderline!"

Chart last Friday

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