PALM is in a good position to move higher on a retest of the breakout point. But given RIMM's weaker than expected sales forecast, PALM could bounce off of its accelerated trendline on the 60 minute chart. Watch closely tomorrow. If the accelerated trendline is violated go back to the daily chart where we have breakout support at $40.00, followed by the rising trendline around $39.00. The bullish price objective on the P&F chart is $58.00.
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