iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

From the Depths of Research in Motion’s Depression

@RaginCajun and 12631 Trading Service members members just closed out a 23% win in on the left-for-dead stock of RIMM. Indeed, there is not a better holiday gift you can give yourself or a trader you know than a membership to The PPT and 12631.

Looking at a longer-term timeframe of RIMM, I once described it as being so bad that it had to be good. Currently, though, on the weekly chart below you can see that RIMM has seen bullish divergences in RSI and MACD during this recent leg lower into autumn. I other words, a longer-term major bearish to bullish reversal now has merit.

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One comment

  1. Tony

    Is the car near the cart an Austin Bantam?

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