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TFC Commodity Trading Forum

RIMM/ Another Breakout *PIC*

RIMM continues to rally and blow minds on this written off stock. The old saying "If it's obvious, it's obviously wrong" comes to mind............Recall this original post when it was base building with $8.32 as resistance. It's come a long ways since with a lot of scepticism. A classic base build after a long bear market with nothing but contempt for it. A perfect set up for just such a reversal. Note especially the breakout over 8.32 and after a brief rally the classic pullback to the breakout point and then a rocket launch off that support point. Always nice to see classic chart patterns. Price continues to breakout over each resistance level despite the scepticism. And the once loved APPLE has fallen over $200 from its Sept high. Surprise, surprise............