My stock watchlist for the week of October 01, 2018
( click to enlarge ) BlackBerry Ltd (NYSE: BB) brokeout from a descending channel yesterday with large volume after reported earnings above Wall Street consensus. Looking at the daily technical chart above the stock shows very strong bullish sign. First of all, the stock is trading now above both 50-day and 200-day exponential moving averages. Then the MACD indicator is rising above zero line also indicating a buy. In addition, the ADX turned up as a result of Friday's strength, with bullish price movement in control and RSI is also moving up. I'll be watching the stock again on Monday for a follow through. Resistance is $12, which was yesterday�s high. This is my long term invesment. John Chen is doing a great job turning around this company. When it comes to Blackberry, the recent history tell us to ignore the analysts, because they have been always wrong since the 6's. I have a lot of respect for analysts, but in this particular case i dont agree with them. Honestly, i t...