Blackberry shares are having a recovery year in 2017. After a mostly sideways 2016, price started to take off in April 2017. However, after reaching about 11.75, it retreated. We last noted potential support for BBRY at 8.50. BBRY Daily Chart(click to enlarge)A Picture of Bullish Reversal:- The chart above shows a clear breakout from a period of sideways action. - Then after a slide, we anticipated support around 0.85 because that is where the 200-day simple moving average reside, along with the fact that there were some common resistance levels aroudn 8.50. A bullish divergence between price and the RSI was also a factor in anticipating support there.- Now after bouncing off 8.50, price broke above a falling resistance, then consolidated between 9.00 and 9.35.- This week, price broke above that mini consolidation as well. - This price action represents a classic case of bullish reversal that has at least the 11.50-12 area in sight with upside potential towards 18-20.