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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