RIMM daily chart showing the H&S in play targeting 48-50 area. Note the falling wedge action over the last two weeks that created conditions for the pop back up to kiss the 200 MA from the underside. The 200 MA at 56.24 holds the answer. If price can get back above the 200 MA, then a test of 58 will be in order. If, however, the back kiss is successful and price tumbles from here forward, the 52 gap fill is the target, and then a resolution of the H&S and horizontal support in the 48-50 area should occur. 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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