Research In Motion Ltd (RIMM): Bearish move continues


RIMM continues to face downwards pressure since its gap down last Friday.

Immediate support is at $56 and $55.

On the Ichimoku Weekly Chart, we can see that RIMM is right inside the kumo now with the kumo support around $54 – $53 region.

A break on the Weekly kumo will probably send it down to the $40s; around $45 as next support.


I have SHORT Apr 57.5/60 CALL spreads on RIMM

By iam802

Trend trading with Ichimoku