Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BB stock price corrected approximately 15% from the recent swing high.</a> </li> 
 <li> <span>2</span> <a>BlackBerry stock price is unable to sustain the $5.00 support.</a> </li> 
 <li> <span>3</span> <a>BlackBerry Limited beat EPS estimates but missed the revenue estimates.</a> </li> 
</ul> 
<p>BlackBerry Limited, BB stock price reversed down and corrected approximately 15% from the swing high at $5.61. It formed a bearish pattern and eroded a majority portion of its previous gains.&nbsp;</p> 
<p>BlackBerry stock price tried to break the $5.50 hurdle to bring back the confidence of the long-term investors. Unfortunately due to the strong presence of sellers, the breakout attempt was not successful and prices reverted down.&nbsp;</p> 
<p>In August, BB stock showed a sharp rise, and buying volume also increased. It triggered a positive sentiment and created hope for more upward momentum. The buyers failed to give the follow-up momentum and turned out to be a trap for the bulls.&nbsp;</p> 
<p>Recently, BB’s share price dropped below the 50-day and 200-day EMA showcasing that the trend is reversing down. The sellers are more active as compared to buyers so any short-term pullback might again face rejection.&nbsp;</p> 
<p>Moreover, BlackBerry’s <a href="http://v">stock price </a>behavior is volatile and spikes are quite normal. It shows that speculators are active which increases the probability of fake breakouts.&nbsp;</p> 
<p>BlackBerry stock price closed the previous sessions at $4.76 with an intraday decline of -2.66%.</p> 
<h2 class="wp-block-heading" id="strong-will-bb-stock-price-regain-5-00-and-recover-strong"><strong>Will BB Stock Price Regain $5.00 and Recover?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-1024x434.png" alt="BB Stock: Will BlackBerry Stock Recover After Quarter Earnings?" class="wp-image-172346" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-1030.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NYSE: BB daily chart by<a href="https://www.tradingview.com/x/DVJuc4td/"> TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>BB stock price showed a steep fall and badly trapped the short-term bullish traders.&nbsp; The price pattern indicates that the previous upmove was speculative and lacked genuine buying. So the long-term trend of the stock is down and bears continuing the dominance.&nbsp;</p> 
<p>BlackBerry Limited released the quarterly earnings on Sep 28, 2023. It reported an EPS of -0.04 and revenue of $131.808 Million.&nbsp;</p> 
<p>BlackBerry beat the EPS estimate by 38.72% but missed the revenue estimates by 2.14%. Despite, that <a href="https://www.thecoinrepublic.com/2023/09/06/bb-stock-will-blackberry-stock-price-reach-6-00-in-september/">BB stock</a> is not showing any bullish signs. Therefore, regaining the $5.00 level seems to be difficult.</p> 
<h3 class="wp-block-heading" id="strong-blackberry-stock-price-bearish-on-weekly-time-frame-strong"><strong>BlackBerry Stock Price Bearish on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_34a96"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:BB",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "light",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_34a96"

}

  );

  </script> 
</div>  
<p>BlackBerry’s stock price fell 7.7% in the current week and formed a bearish candle. It seems like the $4.50 support level is at risk and the possibility of more downside is high.&nbsp;</p> 
<p>Meanwhile, the broader market indices are also bearish which is negatively impacting the stock. Due to this, investors should avoid putting their money at current levels until price action shows any strong signs of reversal.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>BlackBerry Limited, BB stock price reverses down and drops below the crucial support of $5.00. The price action shows that the previous up move was a bull trap and it lacks genuine buying. The analysis suggests that the BlackBerry stock is in bear’s grip and more downside is possible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $5.50 and $5.57</li> 
 <li>Support levels: $4.27 and $3.82</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

BB Stock: Will BlackBerry Stock Recover After Quarter Earnings?

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