BlackBerry may rise to 2.72 - 2.82

Our pivot point is at 2.24.

Our preference

Our next up target stands at 2.72.

Alternative scenario

Below 2.24, expect 2.09 and 1.99.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 2.293 and 2.365).

Supports and resistances

2.91 **

2.82 *

2.72 **

2.63

2.42 (USD-last)

2.3

2.24 **

2.09 *

1.99 **

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