$BBRY : Blackberry trading at Ichimoku support


$BBRY at kumo support

$BBRY at kumo support


$BBRY falls with the rest of the market. It is currently trading just at the kumo support.

The kumo is thin; suggesting support is weak.

If it breaks, we are targeting a price below $13 around $12.50 as first support.

$BBRY . Below the 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.

$BBRY . Bearish cross from Ichimoku. Thin kumo support

BBRY Ichimoku Bearish cross

BlackBerry, $BBRY (formerly $RIMM), Ichimoku’s chart seems to be having a bearish cross soon.

On the Daily Ichimoku Chart, we can see

1. That the price is trading below both the Tenkan sen and Kijun sen; effectively making $15 a resistance level.

2. On top of that, both Tenkan sen and Kijun sen are now very close and may cross soon; giving confirmation to a bearish move.

3. The kumo support below is thin and BlackBerry may just go from the $14 range to $10 very fast.