
$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.
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 $12.50
Some catalyst to consider:
BlackBerry ($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.