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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.
BB Stock Fundamentals: https://www.marketwatch.com/investing/stock/bb
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And the market is really something else right now we live in some crazy times, guys i don't. Even i don't even know what to say about blackberry, i'm sure everybody's up to date with what's happening right now, but uh there's some crazy stuff going on in reddit threads. So we got some. We got a lot to talk about what is up.

Everybody welcome to trades trades where we get technical analysis and different stocks in the stock market, as well as potential buy holders sell opinions on these given stocks. I, like your premise by saying that i'm not a 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 thousand dollars 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 now financially free, but i'm doing pretty well for myself at the age of 23.. So if i can pass along any information, resources or tools are given to me here.

The community make a couple people better off than they were before. That's all that i can ask for last, if you would like to drop a like on, the video really does help support the channel and consider subscribing. If you like, to see more content like this. Now, today we are going to be giving an update on ticker symbol, bb blackberry ltd.

This stock is absolutely filthy. It's it's absolutely mind-blowing. What's what's happening right now in the market, i did cover this stock. You know a couple days back and i said hey.

I do think this has some potential to touch the 40 range and if we come here and look at the five-year chart you can see, i suppose the 10-year the max would be a little better indicator, but we've got a lot of price action here. There's a lot of upside right, this stock used to trade at over 100 and it's very possible. We see that happen again, regardless of what i'm about to tell you with wsb, but i actually believe in blackberry as a midterm to long-term hold. I think it's got a lot of potential and we'll get into that uh further into the video, but in the short term this is going to be an extremely volatile stock and i think you better have a pretty tight stomach if you are holding a position in This because it is going to move up and down multiple dollar signs very, very quickly, so we're going to cover this on the one month chart as well as the two day, one minute chart to give you both a macroscopic and microscopic view of the company.

I've got three different indicators pulled up the rsi, which is the relative strength index. Anything over 70 is overbought. Anything under 330 is oversold. I've got the 200 ema, which is this dark blue line right here, and this is the 200 day exponential moving average, which is a price action based evaluation trend line over a 200-day moving period and then the 15-day vomit, which is the volume-adjusted moving average.

That is the light blue line right here. Uh some brokerage accounts don't offer this. You may need to use the v-wop or the m8 they're about the same thing, but this is just a price. Action-Based valuation trend line over a 15-day moving period, adjusted accordingly to the overall volume going into a stock.

So we'll talk about what all three of these mean. I've got a fibonacci retracement drawn up, which is very easy to use. You simply go to fibonacci retracement on your drop tools on fidelity pro, but the base on the bottom of a run-up, the peak at the top of a run-up, and it gives you an idea of what kind of pullbacks you might see on a stock. So we'll look at this look at some potential entry points.

Uh i've got a price target of in between 37 and 40 on this in the short term, i think it's very very possible to see that happen within the month and honestly with what's going on. Maybe maybe within a couple days, so blackberry looks absolutely insane right. Now we're gon na look at some, both bullish and bearish patterns and get you guys up to speed with how to hit this place. So, let's just get right into the video, but first i want to give a quick shout out to the guys over the patreon.

We are 600 members strong now, which is absolutely insane to me, i'm so grateful for everybody. Thank you guys for the support. It really does mean a lot to me. They all have access to this awesome private discord as well as real-time insight to my personal trading, and we've got a lot of great stuff in here.

So we've got chat and questions investing assistance options, trading stockbot, which we will look at here today, short term plays midterm, plays long term plays spac, plays cold stocks and a whole bunch of different industries and sectors. So if you're interested in joining this awesome community, there's a link to the patreon, the description box down below and you've got some people here that make a lot of money. Brother darkness made 80 the past three months, crow made 10 000 in the past month. Thanks for thanks for the shout out my friend, i really do appreciate you and then vike made uh 203 in one month so, like i said great people here, if you're interested in joining there's a link to the description box down below now.

What's going on wall street bets, it is a it's wsb. It is a reddit thread. That's currently taking storm on the internet. It's absolutely making history and doing some crazy, crazy things to the market.

I think it's very likely that you see some sec guidelines and and rules come from this. This is a very uncharted territory. I've never seen this kind of thing happen before my entire life uh and there's there's a lot of crazy stuff going on. So basically, what's happening is: if we come over here to wsb wall street bets discord, we are going to see exactly what is happening so while this loads really quick i'll, just pause the video okay, so i'm not able to see it, i'm guessing there's just too Much traffic or something going on, but the page is glitching out a little bit, but essentially what's happening.

Is we've got hundreds of thousands of people that are coming onto this discord and this reddit thread and they're saying hey? Let's all come together and buy this stock, and we saw this happen with gme. It's doing an absolutely insane run-up right now, probably pulling back at this moment. Yeah they are so absolutely insane run up. People are there's a lot of buying pressure.

A lot of people are riding this and uh. Basically, what they're trying to do is short squeeze different stocks that have a lot of short interest. Gamestop had a lot of short interest. Amc another example had a lot of short interest.

Bb is another stock that has a lot of short interest, and this is on their watch list and the reason that they're hitting these is because, if you are able to have a short squeeze and what this is essentially is um shorts have to sell their shares. At a certain price and try to buy them back lower to make a profit, you make the profit on the difference between those two prices right well, if they have to buy back higher than they they sold the shares at uh that is called covering. That's buying. Back your shares - and this is this - can cause a short squeeze and essentially, what that is, is um you're pushing the price higher, because sellers are having to buy back at a higher price and regardless of whether you have to cover or buy uh, no matter how You buy, it still pushes the price up, so we are likely to see a short squeeze happen with bb.

If this is the case, and if we come over here to the uh weekly earners and learners, we'll change over to stockbot and just type in popular stocks, and what this does is, it gives us a list of the most talked about stocks in the last hour. Across all discords, acro in the world and right now, the top three are gme amc and bb and uh. Basically, what this is saying is all right. We know we've got a lot of people right now talking about all these companies and we're expecting some pretty hard pushes on all of them.

Now bb is no exception. They are being added to this list right now and uh, while in the short term, this is going to be a very volatile stock. I think in the midterms a long term. There is also potential here with blackberry, so in the short term, if you want to get into this play just know, there's risk involved.

You are very, very likely to see swings of multiple dollars both up and down so be very cautious on when you buy into this stock. I want to say that first and foremost be extremely extremely extremely cautious, there's going to be risk here, especially now that we've got this wsb thing happening. So, let's take a look at the charts and see what we can find out about a good entry point into the stock to help mitigate risk and make money in the long term. I do think that, after this all kind of fades out - and we see more regular market action happening, bb is very likely to be a 40 stock.

50 stock 60 stock down the road as they continue to grow more organically. But in the moment, being it's very hard to predict what's going to happen here right, it's! This is unprecedented times. Let's just take a look at the fibonacci retracement and get an idea of what we might see for a potential pullback now, if we bring this to the base of this run-up right, we can see that it's pulling back extremely well uh. This is backwards for whatever reason, but it's pulling back extremely well to what would be the 23.6 percent retracement.

And what does this mean? Well, if you come from the bottom here, which would be giving back 100 and this isn't supposed to be flipped - i bet if i change this around. Let's just do this real, quick, i'm going to yeah there. We go now we're cooking with crisco. So if we put this on the top here and the base of the fibonacci retracement on the bottom, if this gives back 38 percent, which we do have a line at right now at 20 dollars and 10 cents, we are expecting that it should see a bounce And that might not happen right just based on previous trends.

If we look on the previous pullback, we did see it come back to 61.8 percent, so it's very likely. We see a harsh pullback from this run-up now in the short term. You know we're looking at 61.8, which is 20.88 cents if we come to this uh retracement from this fibonacci you're looking at 20 and 14 cents. So i think somewhere between 2014 and uh.

Probably 2091 is probably a good entry point for the stock which we are currently at right now, there's a very harsh sell-off. We were in overbought territory on the rsi and it's gon na be hard to predict what happens here during the next? You know a couple trading days and weeks, uh with blackberry, amc gme, just because of some of the crazy stuff. That's happening on reddit. So take this with a grain of salt for what it is.

This is a typical market behavior, but previous trends do show a lot of volatility with blackberry, so that much has not changed. The rsi corrections are very up and down. There's a lot of opportunity here for a swing trade as well as a mid hold position. So if you are holding a position in blackberry and you're anywhere under 19, i think you're doing extremely extremely well.

I did put a video out on on this previously and i said hey if you're looking for a position based on what we see on the charts and the retracements you're very likely to see a bounce off of this uh, this 50 retracement - and we did see That so, if you got in at that point, like i recommended in a previous video, 1759 you're doing extremely well, i don't think you should be concerned whatsoever. Uh, your risk is fairly low and this has run up a lot right. We haven't really seen a harsh correction, yet any sort of real bullish - or, i should say, bearish territory - we've had a gap between the 15 vomit and the 200 dma for quite some time now, so extremely extremely bullish territory uh. We have had some corrections intraday, but they have not lasted long.

It's been a lot of up and down movement. So if you want to hold blackberry in the short term, keep that, in the back of your mind, it is a very volatile stock, you're likely to see a lot of price action, both up and down multiple dollars. There's an opportunity here, i think, for swing trading. If you are interested in doing that, uh with this volatility, all you're looking for, is a bounce off of significant levels right, so we see a bounce here after the 50 retracement.

Previously we saw a bounce off of the 61.8 percent retracement. And what might we be? What might we be looking at here well looks like we're going to retest this uh we actually already pushed through it, but maybe a bounce off of another retracement. So if we come from the base here, the next level we're gon na be watching for is 50 at 18 and 91 cents. If it does not bounce off of any sort of level here soon - and we do have a support level sitting on these candle wicks at 1893., so you're likely either going to see a bounce off of 1893 or bounce off of this retracement at 1891.

So that's they're very closely tied together, um, so just watch for that. I think, if you're looking for a position that will treat you pretty nicely if it does push down below, that, 1750 will also be a good entry point into the stock, and i do think that this is a good company they're getting into the tech side of Autonomous driving there's a lot of money tied into that guys, so i could very easily see this down the road one year, two years, three years being a triple digit stock. So i think this is a good company to buy into. I do currently have a position.

Don't pay attention to snpw? I've got a video on that talking about how this huge loss happened, but i do have a position in uh blackberry and i got in for 235 shares at an average price of 19.65 and my entry point not not fantastic. You guys can do better than that. 1750 is a good entry point on bb and if you guys hit that, i think you're gon na do extremely extremely well. Uh 1893 does look like we are approaching.

We did actually see a little bit of a bounce here on the charts, so that's how it looks right now, great bullish territory, big gap between the 15 volume, 200 dma volume is growing every single day. This is a heavily shorted stock. Keep that in the back of your mind, so if we come over here to statistics or i should type in short short bb, this will tell us how many people are shorting blackberry and that is 7.1.13 of the float. 562 million shares outstanding.

550 million share float. So not a lot of demand, a lot of crazy volatility we're expecting from that, but there could be a potential short squeeze, which i think is why wall street bets is talking about the stock here in the future. I think amc has a better overall potential for a short squeeze, but there is still potential with blackberry for that to happen. Now, let's change over to the two day, one minute chart really quick and just look for some extra confirmations and we are seeing a pretty gnarly top out and uh.

I anticipate this is entirely because of what we're seeing on reddit right now uh. This is very atypical training. Behavior blackberry has not had any news catalyst in the last couple of days, so this is absolutely all happening because of word of mouth, which is absolutely insane. It does look like.

We may be seeing a bounce here taking a look at the overall candlesticks. Let's take a look at sort of buying pressure and selling pressure, we're seeing here in the pre-market. We got a nice hammer candle right here, which is typically a sign of weak sellers, so that is something to watch for and keep in the back of your mind. At the beginning of the day, we did see a couple of long wicks on the top good topping tails, which typically indicates a little bit of weak buying pressure.

And i can see that because i think amc and gme are kind of taking the market by storm. Right now, blackberry, you know it is being talked about. It is the third most talked about ticker symbol across all discords. At this current moment, with 32 discords talking about bb, but amc and gme are absolutely taking the internet by storm right now and it does look like we did see a bounce off of 19 and 20 cents so we'll see where this potentially ends up going uh.

But it does look like there's some pretty strong buying presents. We saw phil 508 000 shares guys at what would have been 406 am cst absolutely insane what's happening here, uh we'll change over to today, again just to take a quick peek at everything, any last-minute confirmations. Yesterday's price action, we did see a stair-stepping bottom out, typically a bearish indicator, but we did recover nicely 15 volume across back over the 200 ema, which is a bullish indicator here in the pre-market. We we gapped up pretty heavily and had a cross under.

So right now this is bearish territory, a lot of selling presence a lot of selling pressure as well, but uh. If you see this reverse and you very likely could uh today, i would expect you know, watch for this push of the 15 vomit back over the 200 ema, and you can honestly ride this as a swing trade and once it crosses over. That line enter your position once you see a trend reversal, you see the 15 vomit starts to cross under, like this big big reversal. Take your profits, move on rinse and repeat rinse and repeat: this is going to be a very, very volatile stock.

So there's a lot of different opportunities right now with bb. That is what i have for the video today guys 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 do have an affiliate link in the description box down below for a weeble. Weeble is a brokerage account that allows you to trade in the extended hours, starting at 4am, which is a great tool if you want to get in early on some stocks.

If you deposit 100, you can get four free stocks worth up to a couple thousand dollars and i will also receive a free stock so great way to support the channel if you're interested. 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

28 thoughts on “Bb stock short squeeze short term potential! // bb stock update technical analysis”
  1. Avataaar/Circle Created with python_avatars Robert Kubis says:

    BB is the way to go, now it's a great opportunity to jump on it. Once the train will take off, it's bye bye luck.

  2. Avataaar/Circle Created with python_avatars KayRose says:

    Can you do a video on srne and FTFT. I know that you did FTFT before but an update please. Thx so much ๐Ÿ’“

  3. Avataaar/Circle Created with python_avatars Edgar Gonzalez says:

    Ctrm is up up !

  4. Avataaar/Circle Created with python_avatars Nord says:

    i see bb going to 60 next month

  5. Avataaar/Circle Created with python_avatars Nord says:

    bb is going to 40 soon

  6. Avataaar/Circle Created with python_avatars russian bot says:

    Can u take a look at express $EXPR

  7. Avataaar/Circle Created with python_avatars Balaur says:

    Hi I made 30k with amc today , using revolut , , I need a better platform what do you recomand . Thanks

  8. Avataaar/Circle Created with python_avatars abdullah nasir abbasi says:

    Invest in GME and HOLD at least until Friday, this is the best advice I can give to anyone right now !!!!!!!!

  9. Avataaar/Circle Created with python_avatars Morales Sticks says:

    Should a stop lost be put?? Im in at 11ish

  10. Avataaar/Circle Created with python_avatars Derek.F91 says:

    ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅim in at 10$!! ๐Ÿš€๐Ÿš€๐Ÿพ๐Ÿพ

  11. Avataaar/Circle Created with python_avatars Elijah Crowder says:

    Congrats amc holders and BB holders

  12. Avataaar/Circle Created with python_avatars Tyson maskarenos says:

    I Think BB is going ๐Ÿš€๐Ÿš€๐Ÿš€ Lets reach 50โ‚ฌ !!๐Ÿ’Ž๐Ÿ’Ž

  13. Avataaar/Circle Created with python_avatars A K says:

    19's good entry?

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

    Why does no one talk about bbby 60 percent of float shorted, small market cap, nothing fundamentally wrong to justify that shit. Way more potential to moon then bb.

  15. Avataaar/Circle Created with python_avatars Rhyan Droddy says:

    Thanks for the advice yesterday. I caught the dips @ $17.46.

  16. Avataaar/Circle Created with python_avatars Hristo Milenov says:

    Guys what advice would you give me to invest 1000$ in BB or to split them between BB and GME?

  17. Avataaar/Circle Created with python_avatars charlie says:

    Do you think most stocks are dropping because of the hype around GME and AMC?

  18. Avataaar/Circle Created with python_avatars AshGreninjaBC says:

    BB AND AMC GANG BROTHER ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

  19. Avataaar/Circle Created with python_avatars Z32_GUY says:

    Anybody buying calls for BB?

  20. Avataaar/Circle Created with python_avatars Miyuden says:

    I love BlackBerry, my first smartphone was BlackBerry, so glad to get them cheap before they rise from the ashes again.
    Heavily undervalued company. Their software is awesome. ๐Ÿ’Ž๐Ÿ‘๐Ÿš€๐Ÿš€๐Ÿš€

  21. Avataaar/Circle Created with python_avatars Michael Reyna says:

    I plan on joining ur discord this weekend.
    I remember before x-mas u wanted 100 subs bro look at you!!! Blowing up like GME๐Ÿ‘Š๐Ÿฝ

  22. Avataaar/Circle Created with python_avatars HassaN Invests says:

    $AMC ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

  23. Avataaar/Circle Created with python_avatars ๆ›นๆ–‡่ช says:

    can u make a video for ttoo
    great presentation

  24. Avataaar/Circle Created with python_avatars MNInvestments says:

    ๐Ÿ‘‰๐Ÿป ATNF (180 Life Sciences) Under the radar gem is an understatement. Potentially and very likely will soar 25X or more current stock price . Co-Founded by Prof. Raphael Mechoulam "THE GODFATHER Of Cannabis Research" Discovered the Endocannabinoid system and isolating the two primary compounds, CBD and THC. ATNF has a Tiny 1.4 million share float(Most likely much smaller at this point) with an addressable $150 Billion worldwide pipelines to address unmet needs of the number #1 cause of all autoimmune diseases in the world (Inflammation) and Chronic Pain Therapies with the Best Minds in the world. Dream Team All Star Management created drugs and companies that sold for close to $100 BILLION. They are in phase 3 the last phase of a potential $5 Billion therapy for Dupuytrenโ€™s Disease which there is no other treatment available. Phase 2 exceeded all primary endpoints. They are fully funded with grants (only the best of the best 1% ers receives grants) and cash on hand for 3 years as per CEO 3 weeks ago on latest presentation. Market cap is tiny around $56 million. Patent portfolio alone is worth 8X the current stock price. Management owns 50% of the outstanding shares and 60% of outstanding shares cannot be sold for 12 Months. Management is taking compensation in form of stock NOT cash.

  25. Avataaar/Circle Created with python_avatars OMAR ESPINOZA says:

    I BOUGHT AMC at $9.15 only 100 shares just incase and BB 50 SHARES

  26. Avataaar/Circle Created with python_avatars Matt Kacen says:

    TO THE MOOOOOON

  27. Avataaar/Circle Created with python_avatars Michael Reyna says:

    Amc goin nuts

  28. Avataaar/Circle Created with python_avatars remi says:

    Thanks for the amazing content! What are your thoughts on AMC today, too late to get in? I got in friday at 3.35 but sold way too early unfortunetaly

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