Quick Look At Research in Motion Price Action (RIMM)
Conclusion of the pattern highlighted this after noon illustrated below…
|1 min RIMM|
You can see how a ascending triangle works.. this pattern is a result of takeover speculation in RIMM. You can see the initial pop over 15 and stall over 16 then consolidation with higher lows but no new highs. IF the pattern does break higher it will historically happen when the time and price is near the apex of the triangle. Perhaps RIMM will see 16.50 post break out over 16.31.