BBRY is showing the early signs of a potential long. If price manages to rise here then one may try a long. The strength is that sellers didn't chase the price down to around 7. We have had a SL break and a RET taking place. Whether this turns into a buying opportunity is yet to be seen.
The weak point is that price tried to go above 8 but couldn't stay there. It is a danger point as going below 7 could turn ugly. We might even get to 5.5 where the buyers had come in and chased the sellers up.
Q's are at a dangerous position. Had the market been going down and then pick up steam to the upside this would have been easier. With the market pushing higher while the stock lingers, isn't something to write home about. Although you never know, Q's just might start blasting upwards as well.
Earnings are also due at the end of the month and I am not comfortable holding through the earnings announcement. All in all there is a chance to try some, maybe with some calls if price gives a liftoff and hope for the best.
BBRY Weekly:
Weekly on the right side looks like it might prefer to head down rather than up. The up moves have so far been quickly thwarted. Closer to 5.5 perhaps would have been better to enter but we are not there, are we?
BBry Daily:
It's not too bad but I prefer when price tries to go down and fails than it just becomes a bit stale. Liquidity on the options is so so. For the paltry sum I am talking about it doesn't matter much anyways!
Gringo
The weak point is that price tried to go above 8 but couldn't stay there. It is a danger point as going below 7 could turn ugly. We might even get to 5.5 where the buyers had come in and chased the sellers up.
Q's are at a dangerous position. Had the market been going down and then pick up steam to the upside this would have been easier. With the market pushing higher while the stock lingers, isn't something to write home about. Although you never know, Q's just might start blasting upwards as well.
Earnings are also due at the end of the month and I am not comfortable holding through the earnings announcement. All in all there is a chance to try some, maybe with some calls if price gives a liftoff and hope for the best.
BBRY Weekly:
Weekly on the right side looks like it might prefer to head down rather than up. The up moves have so far been quickly thwarted. Closer to 5.5 perhaps would have been better to enter but we are not there, are we?
BBry Daily:
It's not too bad but I prefer when price tries to go down and fails than it just becomes a bit stale. Liquidity on the options is so so. For the paltry sum I am talking about it doesn't matter much anyways!
Gringo
