Blackberry amid negative outlook - Forecast today - 22-04-2024

Blackberry’s stock price (BB) fell in the intraday levels, with negative pressure from the 50-day SMA, amid the dominance of the main downward trend in the short term, with positive signals from the RSI after reaching oversold levels, which could hinder upcoming gains.

Therefore we expect more losses for the stock, targeting the pivotal support of $2.50, provided the resistance of $3.17 holds on.

Forecast today: Likely Bearish