BlackBerry
BlackBerry once upon a time sitting atop of the mobile phone world, brought down because they believed that if a sacrifice was to be made; it was NOT going to be security. Fast forward 8 years after their exit from the mobile phone market. BlackBerry once again is putting its bets on security. What is different this time? The world has been witness of what a secure-less, privacy-less world looks like.
Year over year, the denizens of the internet have been witness of how countless companies have failed to keep their personal data secured. Data that was entrusted, the problem was we never asked how they were going to keep this data secured.
BlackBerry has taken to task to create highly resilient layers of security and secure the data whether in transit or at rest. BlackBerry is SECURITY.
Chart
We may be looking at a cup and handle formation if the BlackBerry stock keeps its upwards momentum. This is highly speculative. My reason is we failed to break $9.50 resistance almost a month ago. Went into lower levels to consolidate and we have had good participation from buyers in the $8 and below. In what looks like a break from the downtrend of the past 5 months, we have had some bullish upward momentum. I suspect that this momentum will culminate with retesting that $9.50 resistance pull back to form the handle on the cup and then break out to double digits.
The pending patent sale announcement could be the trigger.
Again highly speculative. NOT trading advice.
BlackBerry once upon a time sitting atop of the mobile phone world, brought down because they believed that if a sacrifice was to be made; it was NOT going to be security. Fast forward 8 years after their exit from the mobile phone market. BlackBerry once again is putting its bets on security. What is different this time? The world has been witness of what a secure-less, privacy-less world looks like.
Year over year, the denizens of the internet have been witness of how countless companies have failed to keep their personal data secured. Data that was entrusted, the problem was we never asked how they were going to keep this data secured.
BlackBerry has taken to task to create highly resilient layers of security and secure the data whether in transit or at rest. BlackBerry is SECURITY.
Chart
We may be looking at a cup and handle formation if the BlackBerry stock keeps its upwards momentum. This is highly speculative. My reason is we failed to break $9.50 resistance almost a month ago. Went into lower levels to consolidate and we have had good participation from buyers in the $8 and below. In what looks like a break from the downtrend of the past 5 months, we have had some bullish upward momentum. I suspect that this momentum will culminate with retesting that $9.50 resistance pull back to form the handle on the cup and then break out to double digits.
The pending patent sale announcement could be the trigger.
Again highly speculative. NOT trading advice.
