Friday, December 16, 2011

RIMM Update

Rim is another strange one, they beat consensus last night, but it looks like guidance disappointed, they may be taking  play out of AAPL's book who ALWAYS guides low to ensure a beat.

Any way, here's what RIMM looks like this morning, not what I would expect to see.
Even the shortest 1 min chart hasn't confirmed the downside move.

 Nor has the 2 min

 The 5 min seems to be moving somewhat higher

And the 15 min is too early to tell.

I'll keep an eye on the shorter term charts for any changes, it's pretty rare a 15 min chart fails.

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