Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Friday, April 29, 2011
RIMM Research In Motion Weekly Chart Downward Channel Gaps
RIMM weekly chart show the long term down trend channel with lower lows and lower highs. 42.5 satisfies the lower rail of the channel and would fill the gap from early 2009. The red sideways symmetrical triangle is trying to help support price right now as it sits on the lower red trend line. 42 to 50 target zone moving forward the next weeks and months. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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