Trading (RMD) With Integrated Risk Controls
June 09, 2024, 07:28 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RMD
- Buy RMD slightly over 188.49 target 220.09 stop loss @ 187.95 Details
The technical summary data tells us to buy RMD near 188.49 with an upside target of 220.09. This data also tells us to set a stop loss @ 187.95 to protect against excessive loss in case the stock begins to move against the trade. 188.49 is the first level of support below 210.91 , and by rule, any test of support is a buy signal. In this case, support 188.49 is being tested, a buy signal would exist.
- Short RMD slightly under 220.09, target 188.49, stop loss @ 220.73 Details
The technical summary data is suggesting a short of RMD as it gets near 220.09 with a downside target of 188.49. We should have a stop loss in place at 220.73though. 220.09 is the first level of resistance above 210.91, and by rule, any test of resistance is a short signal. In this case, if resistance 220.09 is being tested, a short signal would exist.
Swing Trading Plans for RMD
- Buy RMD slightly over 212.85, target 220.09, Stop Loss @ 212.24 Details
If 212.85 begins to break higher, the technical summary data tells us to buy RMD just slightly over 212.85, with an upside target of 220.09. The data also tells us to set a stop loss @ 212.24 in case the stock turns against the trade. 212.85 is the first level of resistance above 210.91, and by rule, any break above resistance is a buy signal. In this case, 212.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RMD slightly near 212.85, target 204.91, Stop Loss @ 213.46. Details
The technical summary data is suggesting a short of RMD if it tests 212.85 with a downside target of 204.91. We should have a stop loss in place at 213.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 212.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for RMD
- Buy RMD slightly over 211.46, target 212.85, Stop Loss @ 210.97 Details
If 211.46 begins to break higher, the technical summary data tells us to buy RMD just slightly over 211.46, with an upside target of 212.85. The data also tells us to set a stop loss @ 210.97 in case the stock turns against the trade. 211.46 is the first level of resistance above 210.91, and by rule, any break above resistance is a buy signal. In this case, 211.46, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short RMD slightly near 211.46, target 204.91, Stop Loss @ 211.95. Details
The technical summary data is suggesting a short of RMD if it tests 211.46 with a downside target of 204.91. We should have a stop loss in place at 211.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 211.46, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Resmed Inc. (RMD) available here: RMD.
RMD Ratings for June 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
156.54 |
| P2 |
211.46 |
204.91 |
188.49 |
| P3 |
214.95 |
212.85 |
220.09 |
AI Generated Signals for RMD
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RMD:
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