Fair enough what you are doing is momentum trading there is 'nothing wrong' with that approach however it is something i'd probably do with a 'more speculative' company ie small caps but logic is sound.
A large cap like this it is more about long holding for the way i 'personally' set up my portfolio, just depends on the type of investor/trader you are i guess =]
Not financial advice
Ann: ResMed Announces Results for the Fourth Quarter of FY2023, page-263
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Last
$29.90 |
Change
1.250(4.36%) |
Mkt cap ! $18.94B | |||
| Open | High | Low | Value | Volume |
| $29.38 | $29.90 | $29.28 | $56.93M | 1.920M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2798 | $29.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.91 | 9379 | 1 |
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| RMD (ASX) Chart |