BUY! RESEARCH IN MOTION LTD (RIMM) Nasdaq

  Report No. 2031    Analysis by: Harry Aloof     JULY 1, 2004

RESEARCH IN MOTION LTD (RIMM-Nasdaq): Technical Viewpoint: From a low of $43.70 on May 10, 2004 prices rallied, reaching a high of $62.03 on Jun 2, 2004. A decline saw prices pull back, reaching a low of $53.79 on Jun 14, 2004. Another rally saw prices penetrate resistance, closing 6/30/04 at $68.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on May 20, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $62.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 30, 2004. A P&F upside reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! RESEARCH IN MOTION LTD (RIMM-Nasdaq) @ $69.38 Stop: Use a protective stop of $66.88. RESEARCH IN MOTION LTD is currently trading @ $68.45 plus $9.07 on Jun 30, 2004. Price Objective: $85.00. Risk/Reward: $2.50 VS. $15.62. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$85.00 Risk/Reward:
$2.50 VS. $15.62 Risk/Reward Ratio:
6:1
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