AlexTaylor

Long on RIMM to test $9 resistance

Long
BATS:RIMM   None
0
RIMM looks like it could be starting into an upwards channel. The SMA50 is turning up, and a harami-style candlestick pattern suggests another upward move may be on the way.

Additionally, the stock appears to be establishing support at a previous resistance of 8.36. Possible new resistance at the 9-dollar area, but I'm going long on the stock while it tests that resistance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.