24-12-07 : Future of RIMM after earning gap up (long term)

RIMM's $100 holds, and after earning it gaps to $120. Now at $118 area, we try to predict its future direction.

On the longer term, I expect RIMM price to reach $170 by May 2008. This analysis is done with help of Encyclopedia of Chart Pattern book (i shall refer to it as EOCP next time).

As you guys may have known I hold on to EOCP as bible of chart, i naturally refer to it to predict direction of stocks.

Daily chart with Box
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