Saturday 11 July 2009

RIM down to 77

Back in May, I did an analysis on RIM and, while it has taken a couple of months to unfold, the analysis is holding true (for now). Yet, I remain bullish on RIM in the medium to long term and
apperantly, I'm not the only one that thinks this:

http://www.globeinvestor.com/servlet/story/RTGAM.20090708.escenic_1210405/GIStory/

According to the article, support rests at 75 (the high after the breakout), but in my opinion, 70-75 is the "support zone," because resistance and support is hard to pin to the exact decimal until after the fact. There is a downside, so please read the article fully if you are holding, selling or buying.

No comments:

Post a Comment