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.
Note:
I have SHORT Apr 57.5/60 CALL spreads on RIMM
