BLACKBERRY - PERFECT BUYING OPPORTUNITYI love these setups. Did some more buying today. There'll most likely be a BIG breakout coming. Might be sooner than you think.
BB trade ideas
BB (+memes) the battle against the est.looks like the bottom might be in on all those WSB "meme" stocks, so this analysis prob goes for GME, AMC, BBBY, EXPR, NOK etc..alot of the MJ stocks look similar too i think after a recent hit. anyway bouble bottom, divergence on the oscillators. theres equitable trade in there im sure w a stop below the recent lows, and i like a few of these long anyway (amc, nok, even gme) hopefully we'll catch some bids n stick it to the shorts! i also don't appreciate the "protections" of RH delisting
RED ALERT - SLEEPING GIANT - Big Tech - $BB $BB.CA BlackberryUpdate to Feb. 6 Idea. Now I am watching this more closely, and will be playing this with options.
I was first interested by this ticker around Jan.18, when I first traded it based on the BANG stocks momentum and technicals.. but as I observed and gathered more info, the big picture became more clear to me.
Speculation:
- At the start of new bubbles, CapEx juniors and smallcaps get filled very quickly. If we make a comparison to precious metals miners... this company is a first wave major, not a second wave junior.
- The BANG hype provided this company with all the capital they needed.
- Inst. ownership is only 56.60%, shares float is 555.30M... fairly easy to manipulate with high float.
- Other high growth companies that institutes are betting on, such as PSTG or AMBA have 90%+ inst. ownership.
- I noticed that major players like JPM, MS, WFC, Citi, Two Sigma, Cohen's Point72, Jane Street were increasing stake substantially last quarter. Of course, Citadel has a large options position as well.
- What if this short attacking was for the big players to accumulate, and shake out retail?
- I suspect that Citadel is playing MM for JPM, Citi and Point72, just from past experiences.
FA:
- Mcap: 6.75B. SEVERELY undervalued compared to AMZN.
- Baidu partnership, I think Baidu is the future king of tech.
- Huge PR and production push.
Key products:
- QNX: embedded OS with a security focus.
- IVY: cloud platform for vehicles (think EV and space market).
- AtHoc and SecuSUITE: secure communication system. Governments are still using Zoom and Teams, we need better.
- When you look at an old company, evidence that they can survive hard times and failure, and come back from it is one of the best indicators there are for long term success.
Verdict: This is a future Canadian Titan, along with Shopify. You must buy. 50B valuation at the minimum.
TA:
- 0.236 Fib level of wave 3 and 4H 50 EMA acting as support.
- MACD turning bullish on 4H timeframe, looks to be converging on 1D, and is diverging on 1M... VERY bullish.
- 30min timeframe resistance broke out:
- Volume fading on the downtrend, picking up on the breakout.
- 2x Morning Star reversals gives me high confidence in bullish trend.
- I already have a long position, but will be adding ASAP.
QA:
- Skew turning bullish.
- I chart my subwaves in accordance with OpEx nowadays. That's simply the game now, get used to it.
- The short interest is not high, but make no mistake, that's because the MM is selling with the high float, and putting up put walls. Bulls want to break the call wall and trigger gamma squeezing if they want to break out... Else just play the OpEx. Gamma hedging evidence will be in comments. This is going up, but we are playing against Citadel and co. Not easy.
- There is a bearish scenario: 270k Open Interest on 2/19 options with a max pain of 11.50. Safe bet would be to let 2/19 options expire before entry. This could create a bullish double bottom.
- However, there is a fairly decent gamma ramp for 12, 13, 14, 15, and if 15 is cleared, up to 20 would be smooth sailing for next week.
Strategy:
- Have capital ready for a double bottom test at 11.50
- TP1: 24
- TP2: 30.66
- Wave 5 PT: 42
- SL: 6.39 (Let's not make the SL too obvious on highly manipulated stocks... Stop loss hunting exists)
- RRR: 2.75
- Timeframe: 42 days
- Remember to take profits on the way up... volatile stocks will test supports on the way up!
Blackberry to the moon!
Black Berry- Hindsight Is 20/20 But Lets Hope History RepeatsA person told me that BlackBerry was about to PUMP. I said, "I'm pretty sure it already had a short squeeze". I was then informed that BB is no longer making cellphones but they have become and encryption and technology company. Apparently, they have been working with the Government for sometime. Ironically, this contract and affiliation to the alphabet agencies still pretty under wraps and most people don't know this.
Looking at the chart in hindsight I plotted out were we already had an accumulation phase, I have noted the volume pump that indicated a buy signal. Also, noted is the tweezer formation that told us to sell. I have done this for education purposes.
What's actually interesting is that there may still be another trade, BB might still be very primed to pump, and to do so off both technicals and fundamentals. We have a clear Wyckoff range and I am willing to bet that this could be re-accumulation before the next big pump. Regardless, of my personal decision to invest, this is not financial advice. Please do your own due diligence and research.
BB Fundamentals and TechnicalsDon't see this as a "meme stock" right now and think it's got some great news under it, such as:
+Partnership with IBM
+Amazon AWS and BlackBerry Partner for NEw Intelligent Vehicle Data Platform
+BlackBerry QNX used in Motiuonal Driverless Platform (Hyundai, Aptiv)
+Facebook settlement to be announced
+Partner with Baidu to work on a New Autonomous Driving Technology
+Achieved National Security Agency (NSA) Approval for BlackBerry UEM
+Sold 90 key smartphone patents to Huawei
+Recieved Eleven "Employer of Choice' and "Best Place to Work" Awards
As far as technicals go, I think the odds of a pivot in trend right now are very high. Recently after these "meme stocks" have their initial pop or begin their pop, they like to pop again at the lowest Gann fan line (support), which is known as the 8/1. I have a great example of this in one of my recent posts on SNDL, go check it out if you're interested. The 4/1 line will act as a key resistance at the start of this pivot, any buy-in before this resistance is tested should be good and neither premature nor too late. I don't like to set a solid price target in my analysis, but with the assumption that exponential growth occurs when higher highs are made, the 2/1 would serve as strong resistance for a top.
BB (Hourly) Could Resume Upward MomentumBB has made over a 50% retracement from its 1/27 high of 28.74.
The hourly MACD is now positive.
The hourly stochastic is overbought but that can happen at trend changes when old resistance levels become support.
On a fundamental basis the annual YOY revenue growth is now 15%, after being a negative 30% as recent as 2018.
I would put a stop below the most recent support at 10.95.
Price target for this trade is 17.95.
Summary of all (BlackBerry) Fundamentals Concluding A Breakout(Before moving into this trade; note it may take some time for this stock to breakout.)
Welcome fellow investors. Today's topic is on an assessment I've made revolving over BB. I would consider buying in around 12 - 12.50 and holding for a long period as this is considered an undervalued stock as I have explained down below. While the weekend floods in, BB will and has been moving in between the 12 to 14 dollar amount holding a consolidation during the last three weeks and breakout in the coming weeks. The company, Black Berry, is currently a software multinational specializing in cloud communication; a complete shift away from previous smartphones development. One of BB's significant partner's would introduce it's resilience through the partnership of Amazon's web services bringing to market an intelligence in the vehicle data field of AI. This has contribution towards smart and autonomous electric vehicles being developed. As further electric automotive companies are brought to light coming the year of 2021, they will likely partner with BlackBerry keeping the stock in a bullish direction. The idea would be to hold BB for a long period; in my eyes this is a winner!
Fundamental Important Information
• Partnership with IBM (just announced today Feb 12th)
• Amazon AWS and BlackBerry Partner for New Intelligent Vehicle Data Platform. Webinar later this month.
• BlackBerry QNX used in Motional Driverless Platform (Hyundai, Aptiv)
• Facebook settlement to be announced soon
• Partner with Baidu to work on a New Autonomous Driving Technology
• Achieved National Security Agency (NSA) Approval for BlackBerry UEM
• Sold 90 key smartphone patents to Huawei
• Received Eleven "Employer of Choice" and "Best Place to Work" Awards
THE NEW BLACKBERRY AND THE NEXT BULL RUN?This is my first published chart and feedback is welcome.
Blackberry $BB is a Canadian company that has transitioned in the last few years under John Chen to become an Internet of Things, Automotive, and Security company and away from a phone company. Blackberry does retain patents and the name of the phone. The stock had a milestone of new highs in 2021 under Chen's leadership. There was also a bubble break erasing over half of its all time high. It is speculation to say why this definitively happened. It was coordinated oddly with speculators particularly in the WallStreet Bets Community that generated a great deal of purchases on Robinhood in particular in the so called memestock. These investors/speculators seemed driven in part by nostalgia began investing in companies from the 90s which Blackberry was iconic. As indicated on the chart a bull run that began in November of 2020 by far blew past long term short positions and costing untold millions to hedge funds and speculators that had to cover their short positions in Blackberry which appears to have negatively kept Blackberry stock prices artificially deflated for years. Regardless of the recent bubble burst there is a valid question has Blackberry under Chen become the next sleeping giant in the IT and automotive sector. A sector that will continuously grow as leaders in the USA, Europe, and China pressure auto makers to move towards clean energy vehicles. Those that like strong company leadership might rightly conclude that Chen has turned Blackberry into a leader in the emerging smart car and smart device market while retaining the iconic name and securing partnerships with companies like Amazon in the USA and Baidu in China.
Many bearish analysis appear to have deemed Blackberry a defunct phone company and are either unaware or purposefully ignoring the transition under Chen. Blackberry along with new partners like Amazon and Baidu are creating new partnerships to create autonomous and secured vehicles based off of Blackberry's patented QNX operating system and other patents. Possible investors, day traders, and speculators may be attracted to possible bullish runs to return to January's all time highs and beyond given Blackberry's transition to a new company. This is not financial advice and you should do your own due diligence and never invest more than you can afford to reasonably lose.
It appears that Blackberry after a period of consolidation is attempting another bull run. Levels of interest and commentary is on the chart.
Thank you for your time and hope this helps you consider Blackberry.
$BB $BB.CA - The Blackberry is now ripe for the harvest- My Jan.25 prediction was very precise.
- Going to be buying a large position here, this company is a winner, extremely undervalued tech and now the FOMOers have left.
- Baidu partnership, I think Baidu is the future king of tech.
- Canadian company, good to diversify globally, will probably buy the canadian ticker, to take advantage of rising CAD
- BB's new product suite is incredible. Very bullish
- Unbelievably undervalued
Short-Mid term PT: 30
Blackberry Dec option call that payed out:)why did i place this call??
well BB sold 90 patients to the chines cell phone company, when doing so i figured they are on full steam ahead for cyber security.
the was the plan... RH traders i guess hoped on the wave and boosted the stock up like crazy :) obviously in my favour so i was down for the fun LOL
4X return baby
thank you god
