Categories
Tech

$RIMM . Bearish signals are aligned again.

 

Seems like $RIMM bearish signals are aligned again. And a bigger move maybe coming:

1. We have the Tenkan sen cutting Kijun sen bearish signal.

2. Price is trading below the kumo. Bearish.

3. Leading kumo has twisted and suggest trend is bearish.

4. The Chikou Span support of $14.59 has been breached.

Downside to the above, is the lack of huge volume and big price action.

However, should it break, target price is $12.50 and below.