We’ve been long RMD since the buy signal back in March at $7.30. The rally is continuing with strong bullish momentum and we suggest clients lift the trailing stop-loss and allow price to trade into the $9.00+ range before taking profit.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks