Blackberry technical analysis - update

This is a great bullish scenario as the stock has been traded in a symmetrical triangle in the past 5 months.

The short and mid term moving averages are holding as supports while the volumes traded have been lighter and lighter as the triangle was forming.

Further more, the consolidation (triangle) was formed above a strong key area ($12.00 - $12.60) after breaking up from record lows created in September of 2012.

The first resistance is at $18.00 but the main target is in the $25.00 area. I expect acceleration when the price will end this triangle (above $15.50).

Next earnings report is due on this Friday so be careful for the large moves in price.