RMD - ASX Charts

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.