RIMM looks like it could be starting into an upwards channel. The SMA50 is turning up, and a harami-style candlestick pattern suggests another upward move may be on the way.
Additionally, the stock appears to be establishing support at a previous resistance of 8.36. Possible new resistance at the 9-dollar area, but I'm going long on the stock while it tests that resistance.
Comments
admin
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Bullseye!
AlexTaylor
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Looks like it broke through that previous 9.00 resistance. Monday will be the next test; is this going to break out?