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...
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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I have been eagerly watching this one.
ResMed develops, manufactures, distributes, and markets medical devices and cloud-based software solutions that diagnose, treat, and manage respiratory disorders comprising sleep disordered breathing, chronic obstructive pulmonary disease, neuromuscular disease, and other chronic diseases. The company operates through two...
My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
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I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
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