RIIM under Bears Threat

RIIM is facing a very hard to crack resistance at 71.57.On last trading day closed below its 200 SMA.Concept is if a stock is below is 200 SMA it is under bear threat and above 200 SMA bulls exsit.So investors should not touch this stock.

Traders can use any upmove in this stock for shorting opportunity.For investing 62.5 will be an ideal level to enter.

Apple's Technical Outlook

Apple stock is in quite a good uptrend from past few trading sessions.But looking at the chart now it looks exhausted in the upmove it is having.It has formed a triple top at 208 levels.A dip till 202 levels can be accepted than we have to see if it sustains that or not.Next support comes around 197 lelvls.

If Apple is able to cross 208 levels we can see highs of 210 215 in short term time.

One point of caution is Negative divergence which is emerging in the RSI indicator,Prices are making high but indicator making low.Buy this stock only at dips of 202 to 197 levls.