Blackberry Limiteds stock price (BB) rallied in the intraday levels, before bouncing lower and shaving some gains.

The stock was underpinned by an earlier breach of the downward short-term trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI after managing to vent off overbought saturation there.

Therefore we expect more gains for the stock, targeting the resistance of $4.44, provided it settles above $3.17.

Trend forecast: Bullish