RMD

ResMedHealthcare

$230.69+0.19%

Rectangle Descending Triangle Rounding Bottom

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$230.69

FEBMARAPR

Rectangle Detected

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

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Quick Actions

Trade Plan: Bearish Flag

Risk/Reward

1:3.55

Entry

$218.39

Stop

$234.91

Target

$159.75

Chart Pattern

Rectangle

Sideways movement between parallel supports.

Descending Triangle

Bearish continuation pattern.

Rounding Bottom

Gradual reversal from bearish to bullish.

Bearish Flag

Bearish continuation if preceding move was down.

Market Analysis

RMD is showing interesting structural developments at $230.69. Currently at $230.69, the asset is showing upward momentum (0.19%). Our AI has detected a valid Bearish Flag pattern. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $218.39, targeting $159.75 with support near $234.91 (R:R 3.55).

Community Sentiment

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