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.
Thursday, December 15, 2011
RIMM Research In Motion Weekly Chart Falling Wedge Oversold Positive Divergence
Price drops lower but the positive divergence remains, the baby is now thrown out with the bath water. It appears that the long 10 months of selling is finally ending. Positive divergence should bounce price nicely just like the green and blue bounces over the last couple months. Perhaps 15 will serve as RIMM's bottom for the foreseeable future. Projection is for higher prices moving forward. 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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