Stocks

BlackBerry may rise to 2.93 - 3.06

2024-07-19

2.2 is our pivot point.

Our preference

Short term rebound towards 2.93.

Alternative scenario

Below 2.2, expect 1.99 and 1.86.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 2.417 and 2.6618).

Supports and resistances

3.2 **

3.06 *

2.93 **

2.79

2.41 (USD-last)

2.29

2.2 **

1.99 *

1.86 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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