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.
Tuesday, August 2, 2011
RIMM Research in Motion Weekly Chart Oversold Falling Wedge Positive Divergence
After the blood bath for RIMM these many months, notice the oversold conditions, falling wedge and positive divergence in place over the last two months, price will launch from here. The daily chart is set up with positive divergence across the board as well. The worst is over, price will bounce big now. 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 financial advisor before making any investment decision.
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