Rim (RIMM) exhibits relative strength today despite the overall market weakness. Look nine on its big picture ranking at # pattern.
In a relatively short term pattern perspective RIMM bypassed modern key from 8 months to 62 70-63. 30 in early February and followed through its high 70.54 Feb 18. Given that you have specified, RIMM drew approximately 8.5% return right near the top of the prior modern shelf - which is now an important and substantial support.
Put the current withdrawal retest who represent an upside breakout point forward of the emergence of another upleg. RIMM you specified head higher to realize the implied upside potential by huge basic training developed for seven. 2008.
With such powerful underlying motive, it remains to be seen how RIMM behaves in the middle of the otherwise "soft" global market conditions Until today, RIMM impressive exhibits relative strength, while the SPX and NDX continues to weaken broadband highs last week.
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