Blackberry hurt by exiting an ascending correctional price channel - Analysis - 21-09-2022

2022-09-21 11:17:30 GMT (Economies.com)
 

Blackberry Limited's stock (BB) fell in the last session while hurt recently by exiting an ascending correctional price channel that guided recent short-term trading, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 4.70, provided it holds below 6.25. 

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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