Sam,
RIMM is entering target zone (i.e., the area of the moving averages overhead) for a short now. Stochastics will probably not reach extreme overbought conditions, because other earlier indicators (e.g., Williams) are showing signs of fatigue, so the momentum doesn't look to be there to push RIMM to stochastic extremes.
askresearch.com
Again, Mar 80's look very good, but I wouldn't take a short position yet. Today's candle still too bullish looking. I'd like to see one bearish candle, with definite sell signals. That looks to be soon, since RIMM does appear to be stalling now at the test of overhead at the moving averages.
But another thing is that on the 30 minute chart, RIMM is still uptrending, though not strongly, and is trading above its moving averages. Today's last candle was a Doji, however.
askresearch.com
I would like to see RIMM break below the moving averages on the intraday, then rally up, test them, and fail one time at least. At that point, I would strongly consider a short entry.
One to watch, that's for sure.
Regards,
WS |
