RIMM formed a perfect bull flag. Entry on break of whole $ level. Price stalled midway to the 50% extension. It failed to hold the base as support, but snapped back quickly. Price finally reached the weekly R2 level .Since the markets are in a confirmed bearish correction, lower the expectations on long setups. Most trades are not going to reach full measured moves in this environment.
BIDU, also a bull flag setup. Entry on break of hammer reversal bar. Then a lot of sideways chop, which held the weekly R2 pivot as support. Finally, volume kicks in and price manages to take out the ORH. Exit as price approaches round $ level.
Another try with GS generated another failure. The setup was an ambush play with support of 20 EMA. The trade was slow. Volume contracted as price attempted to retrace. Too much supply and the stock started to roll over.
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