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Tech

Research In Motion (RIMM) : Beat Expectations. And the shorts.

RIMM reported better than estimates results. And the market reacted with a gap up of over 2%.

I have a short; a mistake as I should have close the position as it cuts the Tenkan sen a couple of days back (on top of the imminent earnings report)

Nonetheless, I expect RIMM to retrace after the open and find support near the low end of $47 and will cut my losses as it bounces off.

By iam802

Trend trading with Ichimoku