RIMM is trading back below the daily uptrend line today and as this trade is based off the daily chart, my preference is to set my stops based on how RIMM closes (daily candlestick close). of course, i also using intraday stops just in case a swing trade based on the daily chart is making a large move down during the trading session. on RIMM, i plan to put my stop loss order a little below the early march lows. for those who prefer tighter stops, looking at the intraday charts i’d say a stop a little below the 13.50 makes sense. so far, RIMM basically turned down at that resistance level that i pointed out on the 4 hour chart yesterday but ideally i’d like to see some more buying on volume come in here soon on this one. while this is still both an active trade and a set-up, it would be best to not add to an existing position or initiate a new position until that resistance level is taken out.