Blackberry $BB recovered nicely so far in June after dipping below $8.00. BB Daily Chart(click to enlarge)Bears in Charge:- Despite the 12%+ rally from the June low around $7.80 to about $8.80, price is still maintaining a bearish structure.- BB is trading under the a cluster of daily moving averages including the 200-day simple moving average (SMA).- It is also held under a previous support resistance pivot area around $8.75-$8.90.- Finally, the RSI is holding under 60.- These are signs that bears are still in charge of this market.Earnings Ahead:- BB has been consistently beating earnings in the past year, but this has not given its share price any sustainable boost.(Nasdaq.com)- One can argue that there was a pretty steady rally after December, but remember that this could simply be due to overall recovery in market confidence (almost all names recovered since late December.)- While some competitors like CYBR, CHKP and PANW made new highs and opened up bullish structures, BB's rally since December stopped around $10 and maintained a bearish structure.* I mentioned these names because BB is essentially a cybersecurity company. - Now, an inability to push above $9.00 would be a confirmation of further downside. - I am not considering any exposure in BB until it falls to the $6.00 to $7.00 range, around the multi-year lows.- I don't want to risk another 40% while waiting for a rebound when other names are in bullish trends and have much higher potential of continuing those trends.BB Weekly Chart(click to enlarge)