RIMM traded below it's 35.05 historical low before the earning announcement which trigerred the stop loss as indicated in the chart of RIMM analysis but looking at the chart after the announcement and RIMM action in the after hours trading you will find it will be touching the expanding diagonal bottom channel around 31 and with throwunder it can take it down to 29.
If my analysis in the original post regarding RIMM (is in an expanding diagonal) is correct (although I never expected that it will touch the bottom channel) then it should start an up wave soon, will wait and see before we decide to re-enter a long position
If my analysis in the original post regarding RIMM (is in an expanding diagonal) is correct (although I never expected that it will touch the bottom channel) then it should start an up wave soon, will wait and see before we decide to re-enter a long position
No comments:
Post a Comment