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Blackberry LTD engages in the provision of secruity software and services to enterpreises and governments. It offers cybersecruity consulting, enterprise consulting, endpoint management, and unfied endpoint security. Formerly a strong company in the smart-phone game, BlackBerry looks to make its return in 2021 with its own upgraded phone and technology. In this BlackBerry Stock Update video, we give a macroscopic and microscopic overview of the company. We also establish levels of support and resistance for both investors and traders, analyze the 200 EMA (Exponential Moving average), 20 VAMA (Volume-Adjusted Moving Average), RSI (Relative Strength Index), bullish and bearish trends, technical analysis chart patterns, and potential entry and exit points for traders and investors.
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All right wow, so all these wsb stocks guys we had a rough couple of days. I'll, tell you what oh god this is. This has been a tough last 24 hours for a lot of people. Let me tell you i sympathize 100.

You there's there's a lot that i could have to say here: we're gon na just get we'll save it for the video. So let's just dig into the meat potatoes here huh. What is up? Everybody welcome to choice trades, where you get technical analysis on different stocks. In the stock market, as well as potential buy holders opinions on these given stocks, i like to purchase by saying that i'm not financial advisor nor expert so take what i say with a grain of salt.

The reason i started this channel is because a couple years back, i was about 30 000 deep into medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work hard and invest my money and i'm happy to say That not only am i not financially free, but i'm doing pretty well for myself at the age of 23. So if i can pass along any of the information resources or tools that are given to me here in the community make a couple people better off than they were before. That's all that i can ask for last of you and i might drop a like on that video. It really does help support the channel and consider subscribing if you like, to see more content like this now today we're going to give you an update on ticker symbol, bb blackberry ltd.

This is another one of the wsb stocks. We're going to look at this macroscopically and microscopically. Show you the one-month chart, as well as a two-day one-minute chart to give you a holistic view of the price action. I've got three different indicators pulled up for the r side, the relative strength index.

Anything over 70 is overbought. Anything under 30 is oversold. I've got the 200 ema, which is the exponential moving average, and this is a price, action-based valuation trend line over a 200-day moving period and then the 15-day vomit - and this is the volume-adjusted moving average. That was goofy guys.

My fidelity i'll tell you what not that this matters, but i am transferring out of my fidelity and i'll be using weeble from here on out. I will continue to use fidelity for the charts, but i i got absolutely swacked by these bunch of i'll keep it i'll, keep it family friendly. I'm a happy guy, but yesterday was not i'm doing good. Now, though, i'm chilling but anyways fidelity uh.

If you watched my previous video, there was a little bit of market manipulation happening here, robin hood. I had a lot of people happen to fidelity. I was not the only one. I was messaged by like 15 people, saying yeah man.

Fidelity closed me out of my positions at literally the lowest point on the day, and they did that to me. They closed my position in amc, ninety percent of it in bb and ninety percent of it noke literally the exact low point on the day. So excuse me that is that's enough of that. I'm getting out of that! I'm coming over to weeble anyways back to whatever we were talking about uh we're gon na look at the overall price action here, both bullish and bearish indicators, uh.

The reason i use the 15 bomb and the 200dm is to get both a macroscopic and microscopic perspective of the price action, and it typically is a good way of predicting some breakouts and trend uh breakers. So we'll look at this overall and just see what we have to see uh. So, let's just get right into the video first. I want to give a quick shout out to the guys over at the patreon.

We have 650 members now, which is absolutely insane. Let me just pull up the patreon this, so i can get you an exact number, but when i checked this morning i think it was 650 and we are sitting at 653 members. I don't know if you can see that absolutely mind-blowing. Let me turn the brightness down crazy stuff guys.

Thank you so much for the support. It really does mean a lot to me. They'll have access to the private discord as well as real-time insight to my personal trading and uh. I mean right now: there's not a whole lot interesting happening, but there's a lot of good stuff here.

We've got chat in questions, investing assistance options, training stockpot, which is a two i'll be showing you later, wsb updates short plays mid-term plays long-term plays back, plays cold stocks, whole bunch of different industries and sectors. So it is uh. It is a great time and if you're interested uh and joining there's a link to the patreon, the description box down below and there's some people in here that make a lot of money. Amanda 48.

In a single day, itachi uchiha, i love naruto man, i'm cooking! I've actually got a naruto tattoo for anybody interested it's here on my calf, i've got sasuke and naruto, but anyways itachi uchiha turned 137 in the past month. Past week i should say if you're interested, like i said, link in the description box down below now. What is happening, blackberry is actually a good company. I really enjoy what they're doing, but right now we live in a market where fundamentals do not matter, and we've obviously seen that with gamestop being on the brink of bankruptcy.

Now trading almost at 500. At one point yesterday, we don't live in a market where fundamentals matter all our favorite companies right now are bleeding all the companies that should be going bankrupt or are doing direct offerings. It's insane - and this is all because of wall street bets man, it's crazy. Who could have predicted this a week ago, a week ago, a week ago, if you had told me that gamestop would be trading at 500, that amc would uh would be trading and touched 25 and that fidelity would have closed out.

My account, oh man, life's crazy, but anyways wall street bets is behind this. So basically what happened is there's a group called merlin capital and merlin capital is a uh hedge fund that is shorting, gamestop and amc very, very heavily and uh. What wall street bets did was they said: okay, we're gon na find out exactly what companies are shorting and we're gon na squeeze you hard and what it squeezes. If you're not familiar, is when a short sells right.

They have to sell the stock at a certain price, so they wait to see you know where they think it's going to peak out at the highest point of the price and with amc they decided to short it at five dollars. So if we come over here - oh, i suppose not amc we're talking about bb, but you get my point uh with for an example with amc decided to start at five dollars. Well, now amc is trading at 13. So what do they have to do? They have to cover back higher and what does this do when they cover? They still have to buy those shares and it pushes the stock price up and that's called a short squeeze, and we can expect that to happen with bb, because bb is a heavily shorted company and this is why it was targeted.

Not it hasn't. Seen quite the same volume as some of these other stocks, but it is still moving very volatile and very strangely without a doubt. So this is this is uh. This is gon na be interesting.

I'm very interested to see what's gon na happen here with bb but anyways. That is why bb is having such unusual trading action and price action is because of wall street bets people coming out of these threads and saying hey guys. We really need to pump this stock. We need to.

We need to smoke these guys uh, it's very interesting. So, let's read this okay maxing out most of my money's still on robin hood due to options, but i'm about to get turned on schwab. One one gme amc bb in that order diamond hands are too soft for me. I don't know what my hands even are anymore penthouse or poor house, and i don't even even give a f which one it is, and one thing that i want to show.

You is. If we go over here to the discord, i'm gon na pull up stockbot, and this will tell us the most popularly talked about stocks across all discords right now, and it can be a very good tool to see what people are thinking about getting into so gme And amc are number one and two uh sundial number three. I would expect to see some pretty harsh movement there. Noke bb, so bb is number five silver aal are on the list.

I wonder how something i was looking this morning, we'll just pull it up to see the charts selling pretty harshly, but it might be an entry opportunity. You don't know anyways, let's check it, let's just get back to bb, so with bb uh. What are we looking at for price action right? What is what can this end up being? Potentially man, i don't know why it does that to my circles. Sometimes look at that.

Look at this. How does this happen? Whatever wow weeble? I can't wait for you. So what can we expect here? Well, if we zoom out, we take a look we're currently sitting at 1735 and we are hugging a level of support at 1681 pretty strongly right now. That is a strong level of support, and we've got great confirmation that this is actual break and hold above because we've got a wide range candle bar that broke above this.

So what does that mean? Well, this is an example of an almost picture-perfect four-bar plate. We've got one candle wide range candle bar, followed by a small red candle matching the the high on this candle, a green candle matching the high on that candle and another red candle matching the high on that candle. And if this keeps going back and forth indefinitely, it could happen right as long as you get this wide range candle bar to follow. That is a huge, huge bullish indicator.

Honestly, if i was day trading this - and i saw this one - two three setup - i would have immediately executed my trade on the bottom of this candle, because i know that's coming that wide range candle bar is 100 coming and then, if we look here, we also Have a doji, a big fat doji uh. Some people call this a cross, but this is typically depending on the situation. The overall trend, either bullish or bearish. We did have the 15 vomit underneath the 200 ema here right, but you know that there's an upcoming trend reversal, you know you've seen a hard push, so the doji here in my eyes is a bullish indicator.

So that's what i want to show you there overall volume, extremely high we're looking at i mean we did have quite a few people shorting here honestly, you know, what's really crazy is i think these hedge funds were all shorting the crap out of these stocks. Yesterday, man think about this think about how crazy this is. Can you imagine if you went to the casino and you were playing blackjack and and all of a sudden you know you walk in with, i don't know 10 billion dollars and you're playing with 10 billion dollars and you lose it all and the casino says: hey You know what we'll make your 10 billion dollars back, but if you don't make it back, you're actually gon na lose 50 billion dollars and you say: yeah, okay, i'll, take that i'll take those chances. So you put 50 billion dollars on the table, basically borrowed from the casino, oh man, borrowing from the casino.

That's not good! That's not good news. So let's say you lose that 50 billion dollars. You say well crap! I now i got to cover that huh. I got to pay you back and the casino says no, no, no, no hold on hold on how about, instead of covering that 50 billion dollars, you just double down one more time and if you don't make it that's fine, you just owe 100 billion dollars.

That's! What's happening with berlin capital, guys they're gambling they're gambling gambling gambling with blackberry with amc and gme, i think they are doubling down on all these stocks and bfb is no exception. Look at that look at all that red volume and i think this should activate that 10 rule where they're not allowed to be shorted today, but bb amc gme. If i can type gme noke, all these stocks had very very similar trading patterns, and that is for a reason. It's because the people that are shorting the stock and selling the stock are not people like you and me.

It's not. I've talked with a lot of people. I've read a lot of discords. I've read a lot of reddit threads uh everybody's holding these companies.

Nobody is selling nobody's panic. Selling. I've got a guy over my discord that has down hundreds of thousands of dollars, which is absolutely insane right and he's still holding, because he knows the end game here and i'm not a financial advisor, i'm not giving you financial advice. Please make your own decisions and your own risk management uh decisions, but this is what i'm personally doing right, i'm holding blackberry and it does look like we've - got an upcoming trend reversal if that 15 vomit does cross back over the 200 ema.

That is a good indication of a trend reversal, uh, so watch for that here in today's price action that could be an indicator of an upcoming run. We also do have a stair stepping double bottom, a george w, as i like to call it ghw hi. My name is george w. Oh man, it's too funny for me, but that's fine.

We are also moving in a very nice upward channel right now, so we are looking to continue that uh. If we connect all these different candle wicks, it would appear as so so if we're continuing this upward channel as of right now, you'd be looking at touching around 18, possibly in the next hour, or so at least at some point right. So if you see a touch point at 18, 18 and a half dollars, you'll know we're continuing this upward moving channel uh. It does appear that if we exclude what's happening right here and move this candle wick - and i can't awake this uh trend line, it's squeezing down a little bit and that's typically a bullish indicator.

So just keep that in the back of your mind. Looking for the same amount of volume, today, volume is a little bit down here in the pre-market uh compared to what we've seen in the past, but it is also only 6 10 a.m. So i guess we'll wait and see what happens there change over to the two day, one minute chart for any last minute confirmations here for the video and i am going to delete these uh these big circles, because there's no need for these here. If it lets me all right there, we go get rid of that anyways.

If we look at the charts here, we do have a big fat george, w, a double bottom, which is a bullish indicator, typically a sign of a new bottom or a trend reversal, and we did see that come to fruition, even if ever so slightly, uh, blackberry And nokia, i do expect to make some pretty heavy turnarounds here in the future, so be watching for that uh. That is a good thing to see. As far as the candlesticks look, let's check this out here in the pre-market, and we've got a lot of buying pressure, guys that looks pretty good. That looks clean.

We've got a long, bottoming tail on quite a few of these uh, a doji candle. You just don't have the topping tail uh nice indecision, doji, very bullish, another doji doji doji man. It looks pretty filthy. This looks like it's gon na run, guys, that's all i got ta say that's all i got ta say everything about this chart right now looks very, very bullish.

So that's where we're at right now on the charts very interesting stuff, very interesting times uh. If we come back here currently trading at 16.96, so we are up from that 1465 close overall rsi. If we come back to the one month, it was a pretty harsh correction. We came all the way down to 30 from all the way up at 75.

So i think that is likely to be the bottom. Of course, this is some crazy unprecedented times. We can't really predict this uh. I don't know how anybody could have guessed, that blackberry would go from six dollars all the way up to 28 in this time frame, but it happened, and here we are so.

That is what i have for the video today guys and thank you for watching. If you enjoyed it, please drop a like. It really does help support the channel and consider subscribing if you like, to see more content like this and lastly, i have an affiliate link in the description box down below for weeble weeble is a brokerage account and platform that allows you to trade the extended hours, Starting at 4am cst for the pre-market, if you sign up using my link, you'll see four free stocks, 100 deposit that could be worth up to a couple thousand dollars and i will also receive a free stock. So it's a good two-way street.

If you're interested that's cool, if not, i don't really care guys. It's all good! I just appreciate your support by taking the time to watch my videos, so that's what i have for you guys today. Thank you for watching my friends and i'll see you all next time. Peace,.

By Trey

24 thoughts on “Bb stock found its bottom! huge double bottom!”
  1. Avataaar/Circle Created with python_avatars R Dufresne says:


  2. Avataaar/Circle Created with python_avatars Hills Brampton says:

    I will definitely BUY more $BB shares for sure on Monday. If you panic sell, I will panic BUY! I know so many people out there can't wait to do the same, $BB fam let's go!

  3. Avataaar/Circle Created with python_avatars Nick Tanory says:

    What do you think about Sofi? Thinking about switching from rh

  4. Avataaar/Circle Created with python_avatars Jamel P. Burgess says:

    RIP to those who invested in BB hoping it was gonna be the next Squeeze. Sadly it closed below 15. Thus the hedge fund short options are in the money for them.

  5. Avataaar/Circle Created with python_avatars Murat G says:

    Short Volume 14,683,994

    Market Volume 85,080,388

    Short Volume Ratio 17%

    What big shortage…
    And shortage was to be below $15, and it is below $15 currently.

    What can we expect now since their contract just won?

  6. Avataaar/Circle Created with python_avatars Jesse D76 says:

    The last 2 days has been tough but we have next week to make up for it! Woot Woot! 🚀🚀🚀
    By the way, thoughts on BIOL? Buy in more or just hold?

  7. Avataaar/Circle Created with python_avatars Steve says:

    BB would be doing better if RH hadn't fucked us by limiting buys. I bought at $12, saw it go to $22. Now it's at $14.16 w/a half hour left of open hours trading.

  8. Avataaar/Circle Created with python_avatars Hoi Poi says:

    Holding bb and nok but im down 5k sucks :/

  9. Avataaar/Circle Created with python_avatars Chris Richardson says:

    Should I sell bb? Or hold til next week

  10. Avataaar/Circle Created with python_avatars Saaty says:

    I have lost 45$ 🤯

  11. Avataaar/Circle Created with python_avatars Anthony James says:

    Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time

  12. Avataaar/Circle Created with python_avatars Dom B says:

    What does BB have to stay at/above for it to get squeezed?

  13. Avataaar/Circle Created with python_avatars Hello Guys says:

    im at $25 pre share 😅 rip me

  14. Avataaar/Circle Created with python_avatars Crowd Eater says:


  15. Avataaar/Circle Created with python_avatars Gilad Gabai says:

    I’m down so much on nok and bb it’s not even funny

  16. Avataaar/Circle Created with python_avatars Atama Taylor says:

    hey whats the discord page called?

  17. Avataaar/Circle Created with python_avatars Tommy Huynh says:

    When are we holding bb until

  18. Avataaar/Circle Created with python_avatars Tony T says:

    I bought naked brand at .63 a share

  19. Avataaar/Circle Created with python_avatars Christopher Derteano says:

    Hope you live stream today brother also sorry for what happened to you yesterday I was speaking to my wife how bullshit it is that you served your country and that's how they treat you

  20. Avataaar/Circle Created with python_avatars Jayskillz Adventures says:

    bro im a naruto fan too dayuuum

  21. Avataaar/Circle Created with python_avatars mistermannan says:

    For those who couldn't buy yesterday. Buy the dip. Let's do this.

  22. Avataaar/Circle Created with python_avatars Reid Young says:

    Nakd and bb looking so fkn bullish

  23. Avataaar/Circle Created with python_avatars Victor Pledger says:

    webble sounds good to me is it public traded what about charles shwab

  24. Avataaar/Circle Created with python_avatars Daniel DPA says:

    BB is going to be big today! The company has strong fundamentals focusing on car automation systems with strong partnerships.
    Buy & Hold!

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