Blog Post

RIMM closed @ 126.9

Ok, the stock formed a long legged doji pattern. That indicates indecision between the bulls and bears, and since that was formed from a recent downtrend, this could indicate a reversal move coming up.

So look for the stock to turn green before entry, for a day or swing trade. You start with a daytrade and if it works well you can turn it into a swing trade. (The previous pick for a RIMM short on Wednesday worked out well for us daytraders.)

Note that Thursdays tend to be down days but since we were down on Wednesday, Thursday could just be a sideways to small down day. We'll see.


buy this stock

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