There is 10% in this short term imo . Nice technical ledge pattern has been building ready for a breakout . EW abc correction from last spike up looks confirmed which is positive for next wave up. Watch for a close above $7.27 to confirm uptrend pattern . Chart also shows accumulation has been taking place in a narrow price range. A close below $7.14 (stop) on volume would contradict the above - always happy to put the old gonads on the line and back the analysis with some cold hard cash, so have entered today at $7.25 in anticipation of Resmed moving forward from here. When its ready, this stock can move quickly. Fundamentals are sound aswell.
RMD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)