$BBRY . Blackberry Setup for bearish move

Apr 9, ’13 6:41 AM
$BBRY - Ichimoku Bearish move setup

$BBRY – Ichimoku Bearish move setup

The Ichimoku chart is showing a good setup for $BBRY.

Currently, it’s closing price is at $16.67.

On the Ichimoku Daily Chart, a bearish cross seems to be forming and the thin kumo support below suggest weak support below.

A break from this level will give us a target of $12.50

Some catalyst to consider:

  1. Are sales really good in the emerging markets that $BBRY is targeting? Are they getting converts?
  2. Have they gain traction with the developer’s base?
  3. Are the existing customer base going to upgrade their BlackBerry or are they going to switch to an iPhone or an Android based phone?
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$BBRY . Below the kumo. Bearish

Mar 5, ’13 10:22 PM
$BBRY-Below-Kumo-Bearish

$BBRY-Below-Kumo-Bearish

 

BlackBerry ($BBRY) has officially drop below the kumo support.

While the movement was not a huge one, the challenge will be for it to go above $15 level. So long, as it is under $15 over the next 1-2 months, the bull trend will not be established.

The next target should be towards $10.

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$SPX . Tenkan sen and Kijun sen bearish cross

Mar 1, ’13 10:12 PM
$SPX Ichimoku Bearish Cross

$SPX Ichimoku bearish-cross March 1,2013

 

Premarket. $SPX (/ES) is trading at around 1506 level.

On the Ichimoku chart, both the Tenkan sen and Kijun sen have touch each other.

If it close below 1506.63, /ES would have confirmed a bearish cross with a target of 1484.

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