$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.

By iam802

Trend trading with Ichimoku