Stock to watch and potential Buy setup in $RMD Resmed.
Resmed looking good using the Heikin Ashi candles.
Technical Indicators such as TD Sequential, MACD, RSI, and the Squeeze are showing positive signals for further upside and potential breakout.
Why?
The pulse signal (red dots) on the squeeze indicator is telling us a big move is coming. While the MACD indicator is about to cross and provide a buy signal.
If we do go down, the two moving averages (20 and 50) will likely act as support.
I have added this stock to my watchlist.
Technical Indicators such as TD Sequential, MACD, RSI, and the Squeeze are showing positive signals for further upside and potential breakout.
Why?
The pulse signal (red dots) on the squeeze indicator is telling us a big move is coming. While the MACD indicator is about to cross and provide a buy signal.
If we do go down, the two moving averages (20 and 50) will likely act as support.
I have added this stock to my watchlist.
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