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$BB - 3/26/2021 - Technical Analysis and Earnings by starwarz

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· @starwarz ·
$BB - 3/26/2021 - Technical Analysis and Earnings
Sup ya'll, it's me again to get my weekly fix of confirmation bias.  


WHAT THE FUCK HAPPENED THIS WEEK ON THE CHART:  
Still confirmed to be disconnected from WSB... for now. This is good. Drastically over solid on Thursday and saw a retest of $10 USD but got rejected. As of writing this, I would have to say \~$9.00USD is the bottom and pending reversal. Using a line starting from October 30th that touches Jan 5th, March 5th and today we dipped under the trend line, recovered, and then dipped under it again. I hope this doesn't act as resistance otherwise I'm not sure how far down we'll sink. Financials come out after hours on March 30th, so we could slide a bit more until then.  


THINGS TO LOOK FOR ON FINANCIALS:  
\-Sale of patents to Huwaeii  
\-Facebook Settlement  
\-EBIDTA Positive  
\-Revenue  
\-Debt  
All the obvious shit. I shouldn't need to remind you dinguses but with all these things in mind, this could be a very strong earnings play for those that are not in or are looking to get in. I can with strong confidence currently say all of these things will be higher than expected.   


WELL, WHY THE FUCK DO YOU SAY THAT?:  
Because I have my opinions and opinions are like assholes, everyone has one.  
But also:  
\-Massive recent hiring postings on at BB for   
[https://bb.wd3.myworkdayjobs.com/BlackBerry/3/refreshFacet/318c8bb6f553100021d223d9780d30be](https://bb.wd3.myworkdayjobs.com/BlackBerry/3/refreshFacet/318c8bb6f553100021d223d9780d30be)  
Or check their Linkedin for more recent postings as well.  
Means they have the cash to burn and ready to lock and load and put their software to work  
\-BB IVY Innovation Fund  
[https://www.blackberry.com/us/en/products/automotive/blackberry-ivy/innovation-fund](https://www.blackberry.com/us/en/products/automotive/blackberry-ivy/innovation-fund)  
This means they're willing to front/invest their own cash and prove their product works and is worthy of investment. Spend a little bit now, retrieve it later in subscription-based licensing and also purchase of applications, like an "app store" but for cars. One application that comes to mind immediately is hours-of-service apps for commercial truck drivers, but that's one main of several I have.

Lets now look at the chart:  
1 Hour:   
RSI - Massively oversold on Thursday, no surprise we had a dead cat bounce. I am also curious as to why everything rallied in the last 90 minutes across the market, not sure what to think here  
\-Bollinger bands - Tight af. Looking for breakout after that downtrend  
\-50 DMA - I'm sad we didn't hold above the 50 DMA but it's fine, it tried but ultimately lost. A expect a retest soon after financials.  
\-Trendline - as I stated above, closed Friday using the major trendline from October 30th as resistance. I'm not too concerned about it because of financials but we shall see what the financials bring  


4 hour:  
RSI - Almost oversold, on the low end. Lots of room to move up  
Bollinger bands - Thursday we oversold and did not respect the bands and got a bounce, otherwise again our dead cat bounce. I like this because this broke the falling knife.   


Daily:  
RSI - Healthy, below center. Has the room to move up or down.  
20 DMA and 50 DMA are completely in line with each other currently and have been since March 12th. I'm interested to see how this plays out. We're trading below both right now so eventually, this has to break.  
Bollinger Bands - Tightened up as best as it can prior to financials, expecting a breakout from the bottom. 

Not much else to report. Financials should be sexy. DYOD you idiots and do not take this as financial advice because last week I shit my pants playing Fortnite.

Take care
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