Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Thursday, April 4, 2013

Blackberry technical analysis

Blackberry still has a good growing potential as the volumes picked up this year and the price is stabilized above the 50 and 100 moving averages.

There was a H&S pattern that was formed in the July-October 2012 period which has been identified and posted on the blog on November 13th : .

In the same manner, there has been formed a larger H&S structure from December 2011 until now. The internals of price movement between $12.60 and $17.90 provides bullish signals. The first resistance is in the $17.90 area, while the main target on the mid-term is close to $25.