Will Pitney Bowes follow Blackberry’s path?

Pitney Bowes (PBI) has a very similar H&S bottom as Blackberry had in this post. Keep a close watch on PBI. A close above 16.50 completed the pattern and projects a possible target of 23.0. However if it chooses to follow Blackberry’s path we could see it in single digits soon.

bbry, pbi, H&S

PBI Daily


One Comment on “Will Pitney Bowes follow Blackberry’s path?”

  1. […] I did earlier which had similar triangles at the breakout levels, specifically Blackberry & Pitney Bowes. Take a good look at them before and after the breakout, they tend to produce a sustained […]

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