Research In Motion ($RIMM): Strong support at $35

  RIMM has break its support at $42.72 and is now poised to head towards the lows in 2008 (around $35). This is a fairly strong support as it was the lows of 2008 (during the financial crisis). It was tested twice and with it a ‘W’ pattern was formed and it rebounced off the… Continue reading Research In Motion ($RIMM): Strong support at $35

PALM : Ichimoku chart shows potential bearish cross

Palm, having been a darling since they launched Palm Pre is showing a sign that it is either taking a breather and/or taking a dip. On the Daily Chart, we can see that Tenkan sen is going to cross Kijun sen (BEARISH). For now, we can see that there is a kumo support ahead. And… Continue reading PALM : Ichimoku chart shows potential bearish cross