June 18, 2011

RIMM - Those unfilled Gaps with Volume spikes

  • RIMM has given another GAP with Huge volume spike. 
  • Last two gaps too were accompanied with Volume spikes and they were left unfilled. This time volume is even higher so this GAP too may remain unfilled.
  • Weekly chart is shown with major support line break and look at that weekly RSI staying below 30% for ever.
  • So unless we see a Bullish reversal candle in weekly time frame this stock will continue to grind down.

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