What is Blackberry hiding?Posted: June 26, 2013
After forming a 5-month Inv H&S Bottom last year with a successful breakout in November, Blackberry has more than doubled in value. Now, on a weekly chart, the stock has formed a possible 18-month Inv H&S with a neckline at 18.32. Notice that the current right shoulder has coiled into a wedge. A break out of the wedge and a close above 16.60ish will be an initial signal for more upside, whereas a clearance of the neckline will have a target of $30.