RMD 0.54% $37.28 resmed inc

Hmmm, well yes there's some resistance at 6 bucks. That's what...

  1. 268 Posts.
    Hmmm, well yes there's some resistance at 6 bucks. That's what gives the flat top of the triangle. But the fact that we have a succession of higher lows means the sellers under $6 are drying up. Fairly reliable bullish signal.

    All a high stochastic means is that the price is tending to close near it's high. It's the divergences or extremes that mean the most.
 
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