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 : http://markettechnicalview.blogspot.ro/2012/11/rim-blackberry-price-action-points-to.html .
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.
