AI
Saturday, May 09, 2009 10:14:14 PM
~RIMM~...@ a very powerful intersection of resistance points...(38.2% fib & tagging a year long descending top trendline...not to mention the multiple stochastics extremely over bought conditions...
...High probability put play...what should shake out all shorts is if ~RIMM~ breaks above the Top Descending Trendline...
...on a breakout, its an immediate swing trade targeting 91.59-104.94 (= 50 & 61.8% fib)...breakout of trendline increases the odds of that gap getting filled in swift order...
(old chart that still remains informative)
...High probability put play...what should shake out all shorts is if ~RIMM~ breaks above the Top Descending Trendline...
...on a breakout, its an immediate swing trade targeting 91.59-104.94 (= 50 & 61.8% fib)...breakout of trendline increases the odds of that gap getting filled in swift order...
(old chart that still remains informative)
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