June 17, 2011

RIMM Hits Weekly support level

CHART-II (DAILY) 
  • Support mentioned below is broken.
  • Target of $30 achieved with a GAP DOWN
CHART-I (WEEKLY)
  • RIMM has hit its weekly support level.
  • Weekly support is between 34 - 35
  • Seeing the price action it looks this level will not be held. Hour chart is showing positive divergence with MACD which may result in a small bounce. 
  • Closing below this may push the stock towards $30 Level.
  • AAPL TRIANGLE UPDATED

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