Short term view - BLACKBERRY : Rising consolidation.
The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at $10.29.The next target is at $9.06, then $8.46. Passing $12.55 would question the continuation of the fall.
BlackBerry is engaged in the sale of smartphones and enterprise software and services. Co.'s operating unit organizational structure consists of the Devices business, Enterprise Solutions and Services (which includes Professional Cybersecurity Services), BlackBerry Technology Solutions, and Messaging. Co. also operates in the embedded market through licensing of its QNX software products and providing services to support customers in developing their products. Co.'s portfolio of products and services is focused on serving enterprise customers, particularly in regulated industries and select vertical markets, including government, financial services, legal and healthcare.
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