RIMM is just hitting some resistance now, note the triangle it formed, ignoring the market those days and under accumulation.
These areas in the green boxes are likely short covering as there are few to no pullbacks.
Here's the -17.25% post earnings drop.
And the +17.65% gain since (remember that a 50% loss needs a 100% gain to reach break even-used as an example to explain the difference in the % drop/gain).
Here's 3C accumulation on the 5 min chart at the lows and the ascending triangle mentioned above.
At last update the 5 min chart was leading, now the 10 min chart is leading as strength from shorter term charts bleeds in to the longer term.
This 15 min chart is the reason I held my RMM long despite the 17+% drop after earnings.
The 30 min chart is leading...
Now the 60 min chart is leading and much of it today (in the white box).
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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