3-Nov-2023 : Are bad days coming to an end?Keeping it Simple...

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    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.
    https://hotcopper.com.au/data/attachments/5709/5709611-47f19e312305d9c33f6c3de6b7b292b9.jpg


 
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(20min delay)
Last
$39.30
Change
0.450(1.16%)
Mkt cap ! $22.93B
Open High Low Value Volume
$39.25 $39.46 $39.07 $10.93M 278.1K

Buyers (Bids)

No. Vol. Price($)
16 529 $39.30
 

Sellers (Offers)

Price($) Vol. No.
$39.32 492 9
View Market Depth
Last trade - 15.25pm 04/07/2025 (20 minute delay) ?
RMD (ASX) Chart
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