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.
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Tuesday, November 22, 2011
RIMM Research in Motion Weekly Chart Falling Wedge Positive Divergence
RIMM weekly chart shows the blue falling wedge and positive divergence like the daily chart. When all indicators across the daily and weekly charts all display positive divergence, a nice bounce is at hand. RIMM paid its dues. Keystone forecasted the top earlier this year for RIMM, and the long slide south, but now its time for the patient to recover here on out. Current price at 17.36 highly likely to be an area for the head of an inverted H&S in the process of developing. 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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