Thursday, November 13, 2014

BBRY , though after the fact

Although BBRY has made a great move, especially today( based on news w/ Samsung et al), the technicals were telling. There have been many pullbacks and consolidation (shown in circles and squares for purposes here) followed by moves higher. Of course you can say that about the market in general right ?

The draw below captures 6 month Measured Move exhibiting one of my favorite tools, the 50%-61.8% Retracement for a test and move higher.

The Volume has picked up the past few sessions as well. Hmmm.

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