BlackBerry may rise to 2.63 - 2.72

Our pivot point stands at 2.18.

Our preference

Short term rebound.

Alternative scenario

Below 2.18, expect 2.04 and 1.95.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (2.3025) but under its 50 day moving average (2.4002).

Supports and resistances

2.81 **

2.72 *

2.63 **

2.54

2.35 (USD-last)

2.24

2.18 **

2.04 *

1.95 **

Number of asterisks represents the strength of support and resistance levels.