January 15, 2013

RIMM Chart update

  • Daily chart shows price breaking above the recent swing high of 14.21. Daily MACD lines shows a bullish cross which will continue to do well if price sustains above 14.21 levels.
  • Weekly chart shows Fib resistance level at 21.34 levels. 
  • Bulls are struggling through the weekly cloud, If the up move sustains price could target the weekly cloud top or 100 Week SMA. Falling back below 14.21 would negate the above Scenario.

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