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.
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RMD
resmed inc
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0.38%
!
$39.09

3-Nov-2023 : Are bad days coming to an end?Keeping it Simple...
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Last
$39.09 |
Change
-0.150(0.38%) |
Mkt cap ! $22.79B |
Open | High | Low | Value | Volume |
$39.07 | $39.22 | $38.98 | $4.865M | 124.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 395 | $39.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.10 | 7 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 259 | 39.060 |
4 | 410 | 39.050 |
3 | 348 | 39.040 |
2 | 137 | 39.030 |
3 | 394 | 39.020 |
Price($) | Vol. | No. |
---|---|---|
39.090 | 299 | 6 |
39.100 | 159 | 5 |
39.110 | 192 | 5 |
39.120 | 135 | 2 |
39.130 | 134 | 2 |
Last trade - 12.49pm 10/07/2025 (20 minute delay) ? |
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RMD (ASX) Chart |