RMD

ResMedHealthcare

$195.27+1.76%

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$195.27

MAYJUNJUL

Double Bottom Detected

A key Double Bottom has formed on RMD. Analyze the breakout level now.

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Quick Actions

Trade Plan: Double Bottom

Risk/Reward

1:2

Entry

$222.43

Stop

$203.54

Target

$260.21

Chart Pattern

Double Bottom

Reversal pattern after a downtrend.

Rounding Bottom

Gradual reversal from bearish to bullish.

Market Analysis

RMD is showing interesting structural developments at $195.27. Price has moved to $195.27 (1.76%) amidst recent volatility. Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $222.43, targeting $260.21 with support near $203.54 (R:R 2.0).

Community Sentiment

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