3-Nov-2023 : Are bad days coming to an end?
Keeping it Simple with Price Action & Technical Analysis
RMD bottoming out and good to rebound ??
Well, it does look like so when we analyze the charts. Here is the Weekly chart of RMD and what I see;
* SInce end week of Jul'23, RMD went into a sharp downfall.
* It hit a :floor" at 21.0 in end-Oct'23, and since then has been oscillating between 21 and 24.
* The price can be seen as "bottomed-out" at 21 since end-Sep, however Bullish Divergence seen in RSI14, which is inching UP.
* Key level to check is the breakout from the WHITE trendline and also a breakout from 24.0 level resistance.
In my opinion, looks like RMD is raring to get into better days ahead.
RMD - ASX Charts
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Last
$29.10 |
Change
0.320(1.11%) |
Mkt cap ! $18.47B | |||
| Open | High | Low | Value | Volume |
| $29.11 | $29.39 | $29.06 | $79.72M | 2.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1068 | $29.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.11 | 5546 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMD (ASX) Chart |