$71.25 looked to be a realistic target based on previous resistance.
Thursday, July 2, 2009
Nice and neat
Of all the trades to be making on such a strong gap-down day, especially after thinking RIMM was a goner. This morning it put in a strong showing after climbing it's way back up from a gap down. It found support at it's previous day's lows. It's also comforting to see those neat little flags all the way up.
$71.25 looked to be a realistic target based on previous resistance.
$71.25 looked to be a realistic target based on previous resistance.
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2 comments:
I was going to take the short trade but felt short bus was crowded.
Same here mate, I was thinking "don't fight the trend, unless it comes back to $70.50." Then I got distracted and missed the entry.
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