For those of you watching RIMM

 RIMM trading Rande-Daily

 I have felt that RIMM would test support of the bottom of the trading range once again and likely hold, except for perhaps a brief head fake.

 Today the 1 min chart is shaping up, it was negative on the open, thus the fall from the opening price, but has since gone positive.

 The 10 min chart is showing improvement too.

 This is the daily chart and largely responsible for my outlook on RIMM

 I think RIMM will probably break out of the trading range and depending on the market, could put in a nice short squeeze. I do NOT think this is a sustainable run for RIMM and eventually it will set up a nice short position at a better price point with less risk in the trade.

This is the 3 day Trend Channel, it has held the uptrends and the downtrends perfectly. The current stop on a daily close is $24.25. ADX is also turning down from 67 (anything over 40 shows the end of a trend) so this is likely signaling the end of the downtrend. On a daily chart, it turned down from 67 in mid June.