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BB set up for a move higher pre-earnings LONG
BlackBerry Limited
BB set up for a move higher pre-earnings LONG
By AwesomeAvani
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Updated
Jun 14
4
Jun 5
BB on the 15 minute chart has earnings in three weeks. Price has been meandering sideways
for two weeks after some significant volatility in mid-May. I believe it is now due for a change
of phase/cycle as the earnings approach. I will place a long trade here targeting initially 3.10
just below a significant level to the left being the consolidations before and after the
volatility of mid-May. These is the likely level where traders will again make trades in BB.
The upcoming earnings should add some extra volatility into the price action which could
translate into profit.
Jun 6
Trade active
Price advanced/ Stop loss raised to 2% below break even.
Jun 8
Trade closed: stop reached
Price moved down on a down general market day. Will try again with a long when
the market is a bit more settled.
Jun 14
Trade active
New long position opened
AMC
BB
Earnings
earningsplay
GME
Moving Averages
pennystocks
preearningsrun
Volume
AwesomeAvani
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