March 1, 2014

BLACKBERRY Analysis after closing bell

  • 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.