I got a request to take another look at Research in Motion’s chart. This one came from Mark who’s short RIMM just like Glenn, who requested it last week. RIMM has had some good news flow this week and has risen above all three resistance levels that I pointed out the other day, so if I was actually short it I would have been stopped out either yesterday or today. Although it’s above resistance it still looks like a good setup for a short but I’d be looking for confirmation by the stock closing below the previous day’s low and under one or more of the old resistance levels.
