$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 $12.50 as first support.
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$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.
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.