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Tech

Research In Motion, Ltd (RIMM): Next stop $50

 

RIMM has dipped below the support line of $54.80 formed by the Chikou Span.

The next support line is at $50.11

At this moment, it has little momentum trying to go above the support-turn-resistance line.

For RIMM to reverse, it need to start going above this line.

Note:

1. Gut feel, volume today will be higher than average.

2. Vested. Bearish view.

3. RIMM Playbook will be going on sale, Apr 19.