As daily BlackBerry chart shows, price is between to major daily zones, $6.41 which is the lower range level, and $8.30 which is the upper level of the range. We can have two possibilities here. First, price will continue to go up until reach the upper level then reject from that level, or Price will break the $8.30 level and continue to doing up. Second scenario is that price fails to go up and before hitting the upper level, so it will go down until reach the lower level of the range, and yes same two scenarios there again, Break-out, or false break out. This is the right example of having a proper analysis, and knowing all possibilities, and have a superior trade plan for each scenarios.
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