Cheap to own and poised to double in value BlackBerry beginning show its shoulders in the stock breaking the neckline and moving toward $15. Common circumstance across brands we’ve seen in this play: Green Mountain Coffee, Hewlett Packard, Netflix we’ve seen the trend before. Doubling off the lows, flat line 100-days; building market support reflective of a growing stairwell as the stock climbs back up.
Normally when a company hits lows twice like this in a relatively short amount of time you get a dead bounce while the majority of the sellers will get out the stock. Leaving plenty overhead for buyers to come in and raise value.