BlackBerry may fall to 1.67 - 1.82

Our pivot point stands at 2.59.

Our preference

The downside prevails as long as 2.59 is resistance.

Alternative scenario

Above 2.59, look for 2.86 and 3.01.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 2.6505 and 2.8184).

Supports and resistances

3.01 **

2.86 *

2.59 **

2.48

2.3 (USD-last)

1.98

1.82 **

1.67 *

1.52 **

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