RMD 1.29% $38.60 resmed inc

hey leginso some supply came in around 2.62 - 2.64, but also...

  1. 3,195 Posts.
    hey legin

    so some supply came in around 2.62 - 2.64, but also looked like a little no demand aswell. SP was at a point where whatever supply was coming in was not willing to be absorbed. the market for RMD seems to prefer to let it drift down again to accumulate more.

    the big buying at 2.50-2.55 switched the momentum to the upside but it petered out at 2.60. enough supply came in to gently switch that momentum back down.

    ideally the SP will drift down and test 2.55 (or bit lower) on light volume tomorrow. that would be a good sign to load up IMO

    or if markets turn bullish overnight this might just go without testing the high vol below

    we'll see

    hunini - nice effort man, you deserve your profit if you have the stugatz to put that much risk on
 
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