- 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.
- 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.
- 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.
