BlackBerry may rise to 2.92 - 3.03

Our pivot point is at 2.35.

Our preference

The upside prevails as long as 2.35 is support.

Alternative scenario

The downside breakout of 2.35 would call for 2.18 and 2.07.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 2.4685 and 2.4012).

Supports and resistances

3.13 **

3.03 *

2.92 **

2.81

2.58 (USD-last)

2.42

2.35 **

2.18 *

2.07 **

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