January 31, 2013

RIMM Support levels

  • RIMM Closed below 20 Day SMA and the previous resistance level of 14.21
  • Fib Levels shows price testing 38.2% Fib area which should hold to stop further correction.
  • Next crucial level is the 50 Day SMA Which should hold to avoid a bigger fall. The Golden cross will also become weak if price starts to trade below 50 Day SMA.

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