Looking at the weekly chart and one is tempted to get immediately bearish with that flag setting up:
However, notice that RIMM on the weekly is sitting on top of a 200-MA. While on the daily, yep, another 200-MA! $65 is the line in the sand.
Sunday, October 25, 2009
RIMM's week ahead
RIMM hasn't been able to get much upside momentum going for it after a disappointing earnings season left it with a 20% haircut.
Looking at the weekly chart and one is tempted to get immediately bearish with that flag setting up:
However, notice that RIMM on the weekly is sitting on top of a 200-MA. While on the daily, yep, another 200-MA! $65 is the line in the sand.
Looking at the weekly chart and one is tempted to get immediately bearish with that flag setting up:
However, notice that RIMM on the weekly is sitting on top of a 200-MA. While on the daily, yep, another 200-MA! $65 is the line in the sand.
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1 comment:
RIMM is sitting dead on the 200 day MA, a break of that and look out beloooowwwwwww! :-)
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