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Blackberry price pierces pivotal resistance - 12-06-2024
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Blackberry price pierces pivotal resistance - 12-06-2024
Jun 12, 2024 8:00 AM

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

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