Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>BB stock price is gaining through an interesting rising pattern over the daily time frame chart.</a> </li> 
 <li> <span>2</span> <a>BB shares are trying to sustain at 20, 50, 100 and 200-days daily moving averages.</a> </li> 
 <li> <span>3</span> <a>BlackBerry Ltd. (NYSE: BB) is a Canadian software company specializing in cybersecurity that was founded in 1984.</a> </li> 
</ul> 
<p>BB stock price is steadily rising from the lower trendline of the pattern, indicating its ongoing recovery within the rising wedge pattern. The share price is confined in the rising wedge pattern on the daily time frame chart. This indicates that BB stock is striving to sustain its recovery momentum and investors are optimistic about its potential for further gains. The BB share price’s ability to remain above the lower trendline is seen as a positive sign, suggesting a potential for maximum recovery.</p> 
<p>Blackberry Ltd, BB stock price is currently attempting to break through the upper trendline of the rising wedge pattern, indicating a potential bullish momentum. This suggests that buyers are actively accumulating shares, showing their confidence in the company’s prospects. As the stock approaches the upper trendline, investors are closely monitoring the situation for a potential breakout, which could lead to further gains in BB shares.&nbsp;</p> 
<p>BB stock price was at $4.77 and has gained 0.63% of its market capitalization during Thursday’s trading session. The trading volume is below average. This demonstrates that buyers need to accumulate themselves to push BB share price towards the upper trendline of the ascending wedge pattern.</p> 
<h2 class="wp-block-heading" id="strong-will-bb-stock-price-register-its-breakout-strong"><strong>Will BB Stock Price Register Its Breakout?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/wLqQCq4t2ZgRS464-ZW6Ea1WpW3Lw05b4xGD8IoF5aPk6wEVxG8urY-Fzp7ZVJEE33L8rfnNeQFVtXaDZb-JJkVJM_UZH99acJtlsOGV60pVr5qixuQHsN8tVp-ROUOufn8mhdWLkXdMjl-bl7mNDA" alt="BlackBerry Ltd NYSE: BB Stock Price May Gain More in This Pattern"> 
  <figcaption class="wp-element-caption">
    Source: NYSE: BB by <a href="https://www.tradingview.com/x/CTmoCn5e/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>BB stock price is making efforts to break out through the rising wedge pattern to achieve maximum recovery, as observed on the daily time frame chart. However, the volume change remains insignificant, indicating a need for increased trading activity during the current session.</p> 
<p>Meanwhile, BB shares are striving to maintain their position at the 20, 50, 100, and 200-day daily moving averages, which suggests a potential for continued positive price action. Investors are closely monitoring these indicators to predict the BB stock’s performance and potential future trends.</p> 
<p>Furthermore, BB stock price experienced a 0.63% gain over the past week, while it suffered a 13.43% loss in the last month. However, over the last three months, the BB share price surged by 9.15%, and in the last six months, it increased by 7.43%. Notably, BB shares have shown remarkable growth of approximately 42.39% year to date. These figures validate the assertion that BlackBerry shares have achieved substantial recovery in 2023.&nbsp;</p> 
<p>Nevertheless, technical indicators are divergent over the price action of BlackBerry <a href="https://www.thecoinrepublic.com/2023/08/03/microstrategy-will-continue-adding-bitcoin-confirmed-saylor/" target="_blank" rel="noopener noreferrer nofollow">stock</a>. The relative strength index showcases the upside trend of BB stock price whereas the Moving average convergence divergence suggests the downtrend for BB shares.</p> 
<p>RSI was at 46 and is moving towards neutrality to register its breakout. However, the MACD line is moving towards the signal line for a negative crossover.&nbsp;</p> 
<p>Investors in BlackBerry Ltd. (NYSE: BB) need to wait for the BB stock price to surge towards the upper trendline for its breakout.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The Blackberry, BB share price is steadily climbing from the lower trendline of the rising wedge pattern, signaling its steady recovery within the pattern. Investors are closely watching as the stock nears the upper trendline, anticipating a possible breakout that may drive further gains in BB shares. Importantly, BB shares have demonstrated an impressive year-to-date growth of around 42.39%. However, technical indicators show divergence in their assessment of the price action for BlackBerry stock.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<p><strong>Support Levels:</strong> $4.65 and $4.55</p> 
<p><strong>Resistance Levels:</strong> $4.77 and $5.15</p> 
<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, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

BlackBerry Ltd NYSE: BB Stock Price May Gain More in This Pattern

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