BlackBerry may rise to 3.65 - 3.86

2.65 is our pivot point.

Our preference

Rise towards 3.65.

Alternative scenario

Below 2.65, expect 2.31 and 2.11.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading under its 20 day moving average (2.9465) but above its 50 day moving average (2.8798).

Supports and resistances

4.07 **

3.86 *

3.65 **

3.45

2.94 (USD-last)

2.78

2.65 **

2.31 *

2.11 **

Number of asterisks represents the strength of support and resistance levels.