Description: RMD is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
1. Ideal buy range: $205 - $211.2
2. Take profit: $235.09
3. Stop Loss: $199.49
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 95%
Bull Flag pull back after 35% advance and bouncing of 50 MA. I like $RMD here.
Resmed Inc (RMD)- DEVELOPS MEDICAL EQUIPMENT TO DIAGNOSE, MANAGE SLEEP-DISORDERED BREATHING INCLUDING OBSTRUCTIVE SLEEP APNEA
There are a few things going on here that I think make RMD a breakout candidate.
The stock is trading above its' 50 day moving average and around the 20 day moving average. A breakout should pull it well above the 20 day.
The correction here was shallow, maybe even a bit too shallow at 8.7%. The base is also shallow and has just two tiers. The first tier narrows...
ResMed (RMD): ASX down more than 4%
Share prices have taken a massive fall and now approaching 78.60 Fibonacci retracement level, which is around 24.59/23.80, a critical point that could see prices bounce back and head back up. The ideal buying situation is to wait for prices to get back into the price channel at 25.88.
My automated support and resistance...
Resmed looking good using the Heikin Ashi candles.
Technical Indicators such as TD Sequential, MACD, RSI, and the Squeeze are showing positive signals for further upside and potential breakout.
The pulse signal (red dots) on the squeeze indicator is telling us a big move is coming. While the MACD indicator is about to cross and provide a buy signal. ...
Hey traders, RESMED is a bullish movement, large buying volume it may be that we break the trend support, pull back and spread upwards to breakout the consolidation zone.
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This is a variation of ' Turtle Soup' strategy by Larry Connors, from the book' Street Smarts'
The difference is entering one day after signal in direction of anticipated trade instead of the same day.
See notes on Linked idea ' Short WPL' which already booked a profit as a day trade.