BlackBerry may fall to 2.11 - 2.29

Our pivot point is at 3.17.

Our preference

Target 2.29.

Alternative scenario

Above 3.17, look for 3.49 and 3.68.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (2.9715) but above its 50 day moving average (2.8714).

Supports and resistances

3.68 **

3.49 *

3.17 **

3.04

2.88 (USD-last)

2.48

2.29 **

2.11 *

1.92 **

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