BlackBerry may rise to 2.97 - 3.12

Our pivot point stands at 2.23.

Our preference

Short term rebound towards 2.97.

Alternative scenario

The downside breakout of 2.23 would call for 2 and 1.86.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 2.527 and 2.7614).

Supports and resistances

3.26 **

3.12 *

2.97 **

2.83

2.48 (USD-last)

2.32

2.23 **

2 *

1.86 **

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