BLACKBERRY: Huge Inverse Head-Shoulder Formation, Targets Ahead!

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BLACKBERRY: Huge Inverse Head-Shoulder Formation, Targets Ahead!BlackBerry LimitedBATS:BBVincePrinceHello There, welcome to my new analysis about BLACKBERRY (BB) on the weekly timeframe perspective. In recent times I have spotted an interesting dynamic in the stock market. Some stocks increased their volatile bullish momentum, leading to profitable trade opportunities. BB is forming a substantial pattern with a lot of potential for expansion. As when looking at my chart, we can watch there how the stock is forming this massive inverse head-and-shoulders formation. All the elements of the formation have been completed already. Now, the stock surged massively past the neckline and the 300-EMA in green as well as the 400-EMA in grey. This dynamic sets a strong bullish pace for further expansion. The breakout and completion of the pattern activated the upper target zone, as seen in my chart. The stock is likely to reach this target sooner rather than later with the current momentum holding on. Once the final target has been reached, further assumptions about the development will be highly important to make. In this manner, thank you a lot for watching! The support is highly appreciated. VP