BlackBerry: Fall is maintained as long as 10.3 is resistance

BlackBerry: Fall is maintained as long as 10.3 is resistance

Short Term Trend: Our pivot point stands at 10.3.

Our preference: the fall is maintained as long as 10.3 is resistance.

Alternative scenario: Above 10.3, 11.19 and target 11.71.

With regard to technical analysis, the relative strength index (RSI) is below its neutrality area at 50. The indicator of convergence / divergence of moving averages (MACD) is below its signal line and negative.

Also, the Underlying is below its moving average of 20 to 50 days (is located at 9.67 and 9.59 respectively).

Resistances and supports: * 10.3 ** 11.19 9.96 – 8.22 7.72 ** 7.21 *

Medium-term trend: The Underlying is above its 100-day moving average (8.19). The distance with respect thereto is 14.3%. On the upside resistance level to watch is at 11.71, a major support is at 6.71.