It seems to me it's about time, an interesting play shown to me a while back was the 4 step rule...if you have a 1 year garph like this and 4 fairly outstanding drops you are due for some change in direction.....and IMO it's over sold.
Macd, Stochastic and momentum all look fine for an up trend and it was pumping early to cross the parabolic SAR today, If Monday is good (could depend on the US tonite) then I'll buy more and put a target of $5.00- 5.20 as time to watch closer for either profit taking or accelerated buying.
If all goes well $6.40 will be the next resistance point IMO.......and from there who knows.....they seem to be increasing sales very nicely.
RMD was my play of the day.....bought yesterday morning.
RMD is a quality company with good cash flows and excellent management...it's a shame the USD and added costs have brought it down to level.
It's also an excellent share to trade because of it's low volitility......up substantialy on a bad day.
RMD Price at posting:
0.0¢ Sentiment: Buy Disclosure: 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)