The company has already warned on the quarter so in the best case scenario its probably a matter of better bad news than truly good news.
The downtrend line is now in place and none of the signal generators are suggesting a shift in momentum towards buying.
The three year chart at best indicates that AXX will retest support at $1.40 given the gap down in March of 2011.
At this point the best approach to RIM is to be patient. The prudent investor will want to see the indicators that they follow generating a buy signal.
At this point it looks like YLO is on its way to testing support at $5.50. Neither the RSI or the MACD are signalling a change in momentum to the upside.
This stock has given up 35% of its value since April of 2010 and it may have more ground to lose.
It looks like a case of buy high – sell higher.
