BlackBerry Ltd (NASDAQ:BBRY) after a big surge early this month, the stock has been consolidated in a very good pattern, creating a flag formation on the daily chart. This is typically a bullish continuation pattern. Friday's move it seems to have broken the flag's upper boundary, however we need a clear violation next week, followed by a break of the intermediate resistance at 7.45. Based on the technical chart, I see a high probability for a continuation of current momentum and a move toward the 8-8.25 area. BlackBerry has already opened-up pre-orders for its Android smartphone, known as the Priv, a high-end QWERTY slider phone with a fantastic battery life and great camera. Blackberry Priv might be the most secure Android phone ever. This could be a good catalyst for shares.
Apple Inc.(NASDAQ:AAPL) broke out of a large sideways channel pattern on solid volume, closing at the highest price in almost two months. If momentum continues, we could see the stock hit 130 over the next couple of sessions, but keep mind, Apple will report earnings on Tuesday afternoon, so everything can happen.
Facebook Inc (NASDAQ:FB) recorded a new high in Friday's session. Short-term outlook for the stock is bullish. Buy the stock in dips with a stop-loss at $98.88. The daily technical chart looks very Bullish with all EMAs going up and MACD on top of "0". Long setup.