Research In Motion Limited (NASDAQ:RIMM) has sold sharply after breaking a major support line on the daily chart. That break down line can be seen on the chart below. As the selling continues, Research In Motion is moving into a major support line at $47.75. This can also be seen on the chart below. This level may may pose a great risk reward setup for a long swing trade bounce.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
