Tuesday, January 5, 2010

RIMM & What I am Thinking.?!

RIMM is testing support with higher than average selling volume and looking like it is about to give sell signals… if RIMM closes below 65, I will be looking to buy to open some at the money or slightly in the money protective puts (Long Puts.)

1. RSI is crossing below the 50 line (SELL)

2. EMA 5 is crossing below the EMA 20 (SELL)

3. MACD is crossing lower (SELL)

4. All of this with above average selling volume/pressure

Just thought I would let you know what I am thinking about RIMM's latest move down…

Let me know if you have any questions…




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