Blackberry Limiteds stock price (BB) rose in the intraday levels, managing to pierce the pivotal resistance of $1438, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as the stock is buoyed by trading above the 50-day SMA, with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of $1590.00, provided it settles above $1438.00.
Trend forecast: Bullish