Life is tough as a phone maker these days.
The smart phone market is very competitive. The world is watching to see if they can survive.
This trendline was reistance in September /October and became support since.
This looks like a Head / Shoulders topping pattern to me. Today we lost support of the trendline and the 50 DMA. Next support would be the 200 DMA if BBRY can not close the week back above the trendline.
Good Trading,
Greg Schnell, CMT.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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