"Meme" Stock are in right now, but could they be fading away??
I see a possible symmetrical triangle forming with an underlying channel which could potentially influence a breakout into next week with enough volume. If Blackberry can reclaim 16.50. I think we can start to see the move back up to 18.00+. We are seeing a lot of sideways action at the moment, it is healthy for the stock to consolidate in the range given yesterdays breakout.
I am keeping a tight mental stop loss at 14.
**Not financial advisor**
If you have any suggestions or advice Im all ears, I am new to publishing my charts.
I see a possible symmetrical triangle forming with an underlying channel which could potentially influence a breakout into next week with enough volume. If Blackberry can reclaim 16.50. I think we can start to see the move back up to 18.00+. We are seeing a lot of sideways action at the moment, it is healthy for the stock to consolidate in the range given yesterdays breakout.
I am keeping a tight mental stop loss at 14.
**Not financial advisor**
If you have any suggestions or advice Im all ears, I am new to publishing my charts.