Resmed - RMD share price broke the key resistance level, closed the week to $16.33.
In the past 54 weeks the Resmed shares price have jumped around 46 per cent from $10.99 to $16.33, with the stock trading near its all-time high of $16.39.
RSI confirmed a bullish signal.
The shares price profit target is around 8 per cent or $17.06. ASX:RMD
25 Jan is the day publishing the Q4 report, also is the possible point of time when it reaches it resistance line.
Whether go up or down, that day counts!
$RMD - Resmed making a comeback?
Increasing obesity and associated sleep apnea should further the demand for their products.
Might be a good one for longer term buy and hold like SMSF.
ResMed Inc. is a holding company. The Company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications...
An intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 102.52 - 103.58 as previously being back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis...
-Parabolic trend
-Tight 3 week pennant continuation
-Wide spread between 50 and 200 daily SMA indicates strong trend
-Daily Bollinger band contraction with price sitting on 20 day median moving average
-Good volume on fridays close
-BATS Exchange issue sitting just off ATH above $100
30 basis points planned, will buy intraday break of pennant
-12 Week Ascending triangle
-Clean boundaries
-Favorable is volume rise continues
-Bollinger band squeeze on the daily
-Maintained its strength in current market headwind
50 basis points planned
As the title states.. perfect 1.618 retracement on resmed, MACD about to go green, just went at the 5 day moving average and above the 10 and 25 day moving averages. Only negative is the news and IHC reports, but price action shows a clear bull signal.. consistent higher highs and higher lows, the trend is your friend.. green lights, go go go... IF tomorrow has a...
![RMD: Resmed RMD[NYSE] possibel bounce play](https://s3.tradingview.com/p/pt51rgKm_mid.png "Resmed RMD[NYSE] possibel bounce play")
