Tuesday, November 13, 2012

RIMM Update

Yesterday I showed you this idea for RIMM and said it looked like it would fill the recent gap, today it has pretty much done just that.

 Here's the gap being filled this morning...

 This was the 1 min neg. divergence that made me think the gap would be filled...

And here's the daily Trend Channel with a potential stop in the red area.

So far the 3C positive divergence on the S&P futures was right, the gap has quickly been filled or just abouts, I want to keep an eye on the market and RIMM and make sure these charts stabilize as they should before making a big jump, but I do like RIMM quite a bit as you saw yesterday and Samsung hiking the price of AAPL's components by 20% yesterday shouldn't hurt RIMM's business.

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