Research In Motion ($RIMM) . Watch for bearish Tenkan sen – Kijun sen cross

RIMM is showing another great setup for the short.

1. A Tenkan sen – Kijun sen bearish cross may be forming.

2. Huge massive kumo resistance ahead at $22.06

3. The kumo resistance goes all the way to $26.42 .

In other words, unless RIMM have catalyst that can propel it above $26.42 by December, it remains a SHORT.


By iam802

Trend trading with Ichimoku