BlackBerry may fall to 2.02 - 2.18

Our pivot point stands at 3.08.

Our preference

The downside prevails as long as 3.08 is resistance.

Alternative scenario

Above 3.08, look for 3.37 and 3.54.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 2.915 and 2.8888).

Supports and resistances

3.54 **

3.37 *

3.08 **

2.96

2.68 (USD-last)

2.34

2.18 **

2.02 *

1.86 **

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