ResMed Inc forms bullish "Continuation Diamond" chart pattern
Feb 08, 2016
Recognia has detected a "Continuation Diamond (Bullish)" chart pattern formed on ResMed Inc (RMD:ASX). This bullish signal indicates that the stock price may rise from the close of 8.08 to the range of 9.10 - 9.40. The pattern formed over 79 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. The pattern begins during a downtrend as prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. When the price breaks upward out of the diamonds boundary lines, it marks the resumption of the prior uptrend.
ResMed Inc forms bullish "Continuation Diamond" chart pattern...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RMD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$38.11 |
Change
-0.240(0.63%) |
Mkt cap ! $22.38B | |||
| Open | High | Low | Value | Volume |
| $38.50 | $38.57 | $37.66 | $49.01M | 1.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6322 | $38.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.12 | 8095 | 3 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| RMD (ASX) Chart |
