March 1, 2014

  • Weakness of BBRY at 10.85 in the form of a bearish engulfing may take price towards the range support level at 8.92.
  • Immediate support at 20 Day SMA as shown in last chart.
  • 2nd chart the weekly time frame shows Price rejection at 50 Week SMA which is bearish. Bulls need to close above 50 Week SMA to negate the bearish view.


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore