here’s the RIMM 60 min chart highlighting that support level around 13.50 that i mentioned below. again, a stop not too far below that area would make sense for anyone who took some on the breakout friday and want to keep stops on the relatively tight-side. as i said then, i wanted to see RIMM follow through on that breakout this week with continued upside momentum on increased volume so far, we’ve seen the exact opposite of that so i’m not adding to the position at this point nor have i written this one off yet either. i still think this one has a lot of long-term potential if they can close it above that downtrend line by the end of this week.
