Is this a bottom carving out for Blackberry (BBRY:NASDAQ)?  Let’s imagine so and look at the bullish scenario. The monthly candle graph below shows the move to 11 needed to reach the upper resistance line of the bottom formation.

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Here is the weekly candle chart. More of the same. Moving averages are still trending downwards. Is this still a falling knife?

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A final zoom in on the 1 year daily candle chart. A break above 8 would give some momentum to reach the 11 breakout line.

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Can Blackberry be saved ? I set an intermediate alert at 8 and will come back when triggered. Right now, this is a hard play as the proverbial “catching a falling knife” is still in effect. I won’t even look at the next target if a bearish break below 6, yikes!