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TFC Commodity Trading Forum

RIMM/Continues to bump next resistance *PIC*

RIMM broke out above its channel top resistance at 8.32 and ran up and through 9.57 resistance and has now approached next resistance of 12.45. Price has roughly doubled since its Sept low but is now being talked about by many in the trading and investing world including the media. Price could chop sideways between 9.57 and 12.45 with so much attention on it now just to chop new comers to this "born again" stock. Plus it is very overbought as well. Price needs to clear and hold above 12.45 to suggest a run to next resistance at 18.