A key Bearish Flag has formed on RMD. Analyze the breakout level now.
Bearish continuation if preceding move was down.
A clear signal has emerged for ResMed (RMD) on the daily chart. With a last close of $208.32, volatility remains active (-0.73%). The primary technical feature is a Bearish Flag formation. The trend indicator is reading 10.9/100, suggesting moderate momentum. A potential breakout level is identified at $198.02, targeting $136.59 with support near $211.74 (R:R 4.48).
What is your outlook on RMD?