Multi-Year Breakout: Trade the Break or the Confirmation? BlackBerry LimitedBATS:BBWis_BB ### Authors Notes ### My method of TA relies on Fibonacci retracement and pivot zones, price action, smart money concepts, and wedge pattern. I have used other ancillary tools and indicators as well such as oscillators and MA's. >Trade Analysis: This is a tricky trade no doubt, not because of the setup but the sheer timeline needed to see the reversal come to fruition. Nonetheless, this is a big and well known name with promosiong prospects. Thus a long, prolonged hold or a far dated option play is not a far fetched idea. > Target Analysis: - lower $4 is an obvious support and possible level to look for in the next retracement. There is very little chance for the price to go under it. - $5 and $6 are immediate targets and a possible range of consolidation. A break from this range would signal confirmation. - $8 is the real level to break from. IF and WHEN the break occurs and given the history of this stock, there could be rapid raise in the price, aka, a FOMO / short squeeze event. > Fundamentals Analysis: On April 17, 26' news of the company's plans to focus on military / defense applications came out stating: "The once-famous mobile manufacturer, which has become a crucial software supplier to the automotive and robotics industries, said it will deploy the software solutions developed by its QNX unit across TKMS’ platforms" .