Don't Ignore This Chart

RIMM Gap Turns into Exhaustion Gap with Fill

Research in Motion (RIMM) has been one of the best performing stocks since late September. There is, however, evidence that the advance has exhausted itself as RIMM filled last week’s gap above 16. This fill makes it an exhaustion gap that could give way to a retracement of the prior advance. A 50-61.80% decline would extend to the 11-12 area.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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I have been teaching myself about trading for the past 9 months using all online resources. This article by Arthur Hill is a perfect example of why I return to this site more frequently than all the others. Spot on analysis that is easy to act on and understand. Thank you for your excellent work.
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