19-11-07 : RIMM needs to wait for put

(1) Bollinger band shows the recent cdls are too far low.
(2) $100 level is a strong support.

I dont advocate put. How about call? Nono. No confirmation for reversal.
Bullish harami (a small white inside a big red cdl) is not a strong confirmation enough to convince me.

30mins chart suggested RIMM is in the verge of breaking up, but still contained within the box (channel).

However, Daily MACD already drop below 0, and Price is just below MA50. Can go for a hot, wet blanket Put (from Toni Turner's strategy setup).

Wait for a drop from the upper channel line for a put. If not, wait.

daily chart with Bollinger Band
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daily chart with MACD, MA20X50
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30min chart
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