4-1-2008 : RIMM has 3 possible directions to trade

We map out 3 possible directions of RIMM, and we trade accordingly.

Scenario 1 : RIMM retrace to 104 channel support. We enter after it rebound to 105.

Scenario 2 : RIMM retrace to 110 Box support, and rebound to 111. we enter at 111.

Scenario 3 : RIMM go up from here, and break 105. We enter at 105.

This is a higher risk trade. Cut loss is $200, profit taking is $400.

R:R = 1:2

If enter @ 111. Cut @ 109. Profit @ 115
If enter @ 105, cut @ 103, profit @ 109
If enter @ 111, cut @ 109, profit @ 115.

Either way, its R:R = 1:2. Lets do it !!

daily
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15min
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