Long Term Technical Analysis of BlackBerry Limited (BBRY)

BlackBerry (BBRY) is clearly a company in trouble, as its market price has fallen below our negative growth line. When that happens it can mean one of two things...

 

SIA CHART OPINION

BlackBerry (BBRY) is clearly a company in trouble, as its market price has fallen below our negative growth line. When that happens it signals one of two things. Either the company is heading towards bankruptcy or if it can just get back to its Negative Growth price of $10.98, it may have a chance to recover. Therefore we either have an extreme value play here or a company that is heading towards bankruptcy. Until one sees its stock price break above $10.98, it is our opinion that one should stay on the sidelines and wait.

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