Wednesday, October 17, 2012

Blackberry?

Research in Motion is the makers of the Blackberry device. I don't know anything about them except that they have had a hard time competing against the other devices out there.

The chart of the stock is pointing to a possible trading opportunity however.

Another of those "triple tops" perhaps....


Keep in mind that the profitability of any single stock is heavily dependent on what is going on in the broader market. This is a very important point. If the stock market as a whole is strong a breakout through previous highs will often be thought a buying opportunity. However if the general market is weak those same prices will be a selling opportunity as market participants reduce risk.
This is why it is important to pay attention to big picture items and market averages.

Control risk,
gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh