29th-April-2011–Pattern Study - RIMM

Ticker:

 

1. RIMM

 

Topic:

 

1. Is it the earning follows the chart or the chart follows the earning?
2. You just have to believe what you see in the chart and follows it.

 

Lesson Learnt:

 

1. If you invested in this stock, you should have got out when the chart tell you so and that was one month ago when it gapped down and broken down through the tend line (I did not draw it, please draw it yourself).
2. In fact the chart did tell us to short it yesterday night, but then of course we will be worry since it is going to report the earning after market close. However, if we did short it, the profit is ours in just minutes.

 

Intraday Chart

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Historical Chart