On the 27th of Sept. we thought this was a buy with a target of about $12.50. This too looks like an a-b-c or alternatively something better. Should have a 4 and 5 to finish c. Sell now if 25% is ok or wait for $13 plus. Remember that my targets are only first targets, that is minimum targets that should materialize under all circumstances.
Sell the rest between $17 and $18, that is good for a quick $5 on $12 or about 40%. May go higher but may also have completed a nice a-b-c. In any event the RSI and MACD look pretty overvalued for the moment.
Rim could be making a triangle. There are alternatives but that would fit best. Target would be about $16/$18 or so. This was the original expectation.
Chances are that this stock will get to at least $14.50/$16. The above is a wild guess as to how it might do it. Presently you are up about $2 on $12 but if that can be stretched to $3 on $12 by waiting another week or so that would constitute a nice 25% in less than a month. $16 is at the top of the range as possible overlap would occur at about that level, so that may stop the rise. We’ll see.