BlackBerry may fall to 1.92 - 2.02

Our pivot point stands at 2.55.

Our preference

Under pressure below 2.55.

Alternative scenario

The upside breakout of 2.55 would call for 2.72 and 2.82.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 2.4295 and 2.3512).

Supports and resistances

2.82 **

2.72 *

2.55 **

2.48

2.34 (USD-last)

2.12

2.02 **

1.92 *

1.82 **

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