Our analysis is based on long term trends, and if they are promissing, short term analysis. First, we view the
3 year weekly charts, followed by a 1 year daily chart. This analysis allows you to view the larger picture and trend,
rather than just looking at a short term prospective. This way, you can use short term volatilty to your advantage, if the
long term trend is positive.
You will see a summery of the stock we are analyzing, followed by the 3 year and 1 year charts. At the end, you will see a technical analysis summery. That's it,
to the point technical stock market analysis daily!
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Technical Analysis for February 14 2006
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| STOCK: RESEARCH IN MOTION (RIM) |
WEBSITE: www.rim.com |
| CURRENT PRICE: 79.99 CDN |
TREND: RANGE BOUND |
| TARGET PRICE: N/A |
RECOMMENDATION: WAIT |
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Long Term Chart (Weekly 3yr) - To view the bigger picture
Charts Courtesy of StockCharts.com
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Short Term Chart (Daily 1yr) - Where to take a position
Charts Courtesy of StockCharts.com
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This Canadian high tech darling has had a tough time over the last little while, as is clearly evident from the charts. On the long term chart, you can clearly see the descending trend line over the last year and a half, with the price bouncing off $62 back in the October time frame. The price is much higher at current levels, but the MACD is unclear which directions things will head from here. Money flows have also declined a bit from its recent highs, but has yet to head into negative territory. On the short term chart, you can see the two trend lines, which forms a triangle, and should cause a break to either side in the coming weeks. The MACD here also wants to head higher, and could cause the price to rise here to the upper portion of the trading range, but that’s it for now, since clear evidence is not available.
Overall, this stock could break out or simply break down. With the news of Microsoft entering the market yesterday, the picture may not be as bright here. Its best to watch from the sidelines, until some sort of confirmation is made to the stocks direction.
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