In August, we saw a bearish correction in Blackberry (BBRY) but noted a potential support in the 8.00-8.75 area. Essentially we were anticipating support where there use to be common resistance. The idea is that if the market is turning bullish, it should respect this previous resistance as support.Blackberry (BBRY) Weekly Chart(click to enlarge)Support Holding:- We noted the former resistance turning into support, which is a bullish sign.- Also, after breaking above the 200- and 100-week simple moving averages (SMAs), it is now treating them as support. This is call a "bullish slingshot" signal. - I think there is upside towards 12-12.50. There is also downside risk towards 8.00 within this bullish outlook. A buy around 9.00 could provide acceptable reward to risk with a stop at 7.75 and a target of 12. - To me, acceptable means at least 2:1. A target of 12 from 9 is a potential gain of $3.00 a share while the stop is a potential loss of $1.25 a share. 3:1.25 is an acceptable reward to risk since it is better than 2:1.