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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3-Nov-2023 : Are bad days coming to an end?Keeping it Simple...
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Last
$31.80 |
Change
-0.590(1.82%) |
Mkt cap ! $20.15B |
Open | High | Low | Value | Volume |
$31.86 | $33.42 | $31.51 | $176.0M | 5.493M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $31.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$31.81 | 7592 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 31.590 |
1 | 602 | 31.520 |
2 | 181 | 31.510 |
3 | 450 | 31.500 |
1 | 260 | 31.450 |
Price($) | Vol. | No. |
---|---|---|
31.820 | 1000 | 1 |
31.900 | 700 | 1 |
32.000 | 166 | 1 |
32.190 | 947 | 1 |
32.200 | 31 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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RMD (ASX) Chart |