mcmutton23

RMD RESMED Perfect 1.618 retracement

Long
NYSE:RMD   ResMed Inc.
As the title states.. perfect 1.618 retracement on resmed, MACD about to go green, just went at the 5 day moving average and above the 10 and 25 day moving averages. Only negative is the news and IHC reports, but price action shows a clear bull signal.. consistent higher highs and higher lows, the trend is your friend.. green lights, go go go... IF tomorrow has a confirmation green candle above the 5 day MVA, this looks like a home run, go long to prior high, wait to break resistance, as it should make higher highs, and when you see a reversal (a lower low) take profits.
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