Thursday, August 18, 2011

RIMM Update Request...

Here was the last update for RIMM

 RIMM 60 min chart, climbed back int the trading range.

 Here's  a closer look. Yesterday I sad I thought support of the trading range would hold, thus far it has.

 The 1 min chart showing the probability of some afternoon selling, a test of support again could form some new signals.

 The 5 min chart showing the early positive divergence on the open that sent RIMM higher today.

 The 10 min chart, shows the break from the trading range and the positive divergence to move RIMM up back into the range, again there are some signs that there will be late afternoon selling pressure.

 The 15 min chart, shows some history, but otherwise is trading in line or confirmation of the trend.

The 30 min chart shows a leading negative divergence, but this is very new and could go on for some time, RIMM could even move much higher as the divergence continues to form. Ultimately my idea was RIMM moves above the range and fails from there, this chart would be in line with that thought.

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