You are looking at a WEEKLY chart of BBRY. Since my last published idea on this stock I made a couple slight adjustments to the chart. 1) I added "many false breakouts" to the Recent Resistance label 2) I added another uptrend line and adjusted the one that was originally there 3) I removed all the "mystery chart" stuff since the game was over as quickly as...
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.
Sometimes knowing the general direction of fundamentals will be more than enough in trading, the charts says everything of what the market intended. News are just meant for distribution of expensive stocks to the average joe. Had a pretty good trade from this :)
-because Carl Icahn says Apple is underpriced by 2x? -because AppleWatch is launching soon? -because of iCar rumors? Firstly, Carl Icahn as an activist investor himself and having invested into Apple shares himself makes his credibility zero. Can you really take this guy's words for real? When is he going to dump on you? Second, will Apple Watch really take off...