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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: Andrew who wrote (971)4/23/1999 12:51:00 AM
From: keith massey  Read Replies (2) | Respond to of 2259
 
Thanks

I follow RIM daily. There is a major trend line that has been touched 7 times starting Nov 10 and last touched yesterday. I see $15-15.30 as a big resistance level with the next level at around $18. Today's trading was not very bullish as we have an inverse hammer and no up momentum at close. I think tomorrows first half hour of trading will tell the tale. If it opens above 15.60 and starts to move than in my opinion it should be good for a couple of dollars. However if that strong trend line is broken the next support level is around $11.50. I guess it all rests on tomorrow's open in my opinion.

Best Regards
KEITH