January 29, 2013

RIMM Chart analysis

  • Rimm weekly chart shows weakness near previous resistance level of 17.96. Week must trade above this level to target a cloud breakout or for moving above 100 Week SMA. UNABLE to trade above the weekly cloud and 100 Week SMA will be negative.
  • Immediate support levels shown in daily chart are 20 Day SMA at 14 and previous swing high of 14.21.
  • SPX ANALYSIS AFTER CLOSING BELL
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