Blackberry is a meme stonk with actual fundamentals that require attention.
On this chart you will see a standard triangle formation with a recent breakout to the sell-side. However we may have support on the lower dotted trend line around $3.40.
If we stay at support or follow the lower trend line we may have more upside that can lend the stock strength to break past the resistance at $5 and eventually $6.
Despite good fundamentals, Blackberry remains overlooked due to scrutiny from analysts who believe that the guidance isn’t good enough to warrant a $4+ price tag. The recent earnings report also implies a slowing of growth which will definitely affect the forward momentum of the stock.
Obviously, we can only postulate and make guesses as to the future of Blackberry stock given its speculative nature compared to giants such as Nvidia (
NVDA) or Microsoft (
MSFT). This puts Blackberry in the same space as other speculative investments such as IonQ (
IONQ) or Rocket Lab (
RKLB) where the financial robustness and potential for growth remains in question.
However, what sets Blackberry apart from other speculative investments is the fact that the company has proven that it can turn a profit and produce consistent revenue. Whereas other companies in the speculative space have yet to turn a profit and can miss revenue estimates by 100% or more.
It’s for these reasons that I am long on BlackBerry stock.
This is not financial advice.
On this chart you will see a standard triangle formation with a recent breakout to the sell-side. However we may have support on the lower dotted trend line around $3.40.
If we stay at support or follow the lower trend line we may have more upside that can lend the stock strength to break past the resistance at $5 and eventually $6.
Despite good fundamentals, Blackberry remains overlooked due to scrutiny from analysts who believe that the guidance isn’t good enough to warrant a $4+ price tag. The recent earnings report also implies a slowing of growth which will definitely affect the forward momentum of the stock.
Obviously, we can only postulate and make guesses as to the future of Blackberry stock given its speculative nature compared to giants such as Nvidia (
NVDA) or Microsoft (MSFT). This puts Blackberry in the same space as other speculative investments such as IonQ (IONQ) or Rocket Lab (RKLB) where the financial robustness and potential for growth remains in question.However, what sets Blackberry apart from other speculative investments is the fact that the company has proven that it can turn a profit and produce consistent revenue. Whereas other companies in the speculative space have yet to turn a profit and can miss revenue estimates by 100% or more.
It’s for these reasons that I am long on BlackBerry stock.
This is not financial advice.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.