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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.
Posted by San at 7:22 PM 0 comments

S&P 500 Analysis after closing bell

  • S&P 500 Nearly gave its 7th bearish weekly candle in a row. In the end just manage to close in the green.
  • Price has taken support at 200 DMA for now. But weekly candle is a Doji so it can go either way. If price slips below 200 DMA it may go down to 1250 level.

Posted by San at 8:12 AM 1 comments

DOW JONES - Support and resistance lines

  • Dow jones 30 Minutes chart with support and resistance lines.
  • Bulls are making another attempt to break above the resistance line.
  • If bulls manage to break and sustain above the resistance line we may get a green weekly candle after six bear candles.
Posted by San at 12:04 AM 0 comments

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