RLMD has finally broken out above its long-standing resistance after nearly 10 months of consolidation. The breakout is supported by good volume, which adds strength and reliability to the move.
🔑 Why This is Significant
Long consolidation: When a stock trades sideways for months, it builds strong accumulation. Once price escapes the range, moves are often sharp and sustained.
Volume confirmation: Breakouts on higher-than-average volume signal real demand, reducing the chances of a false breakout.
Gap to fill: There’s a price gap up to $1.70. Gaps act like magnets — if the breakout holds, price often travels to fill them.
🎯 Levels to Watch
Breakout trigger: $0.70 → needs to sustain trading above this level.
Immediate targets: $1.40 → $1.70 (gap-fill).
Invalidation: A daily close back below $0.70 would signal a failed breakout and likely return to consolidation.
âś… Conclusion
As long as RLMD holds above $0.70, bias stays bullish with a possible gap-fill move toward $1.70. Traders should watch for retests of $0.70 acting as support, along with continued volume confirmation.
🔑 Why This is Significant
Long consolidation: When a stock trades sideways for months, it builds strong accumulation. Once price escapes the range, moves are often sharp and sustained.
Volume confirmation: Breakouts on higher-than-average volume signal real demand, reducing the chances of a false breakout.
Gap to fill: There’s a price gap up to $1.70. Gaps act like magnets — if the breakout holds, price often travels to fill them.
🎯 Levels to Watch
Breakout trigger: $0.70 → needs to sustain trading above this level.
Immediate targets: $1.40 → $1.70 (gap-fill).
Invalidation: A daily close back below $0.70 would signal a failed breakout and likely return to consolidation.
âś… Conclusion
As long as RLMD holds above $0.70, bias stays bullish with a possible gap-fill move toward $1.70. Traders should watch for retests of $0.70 acting as support, along with continued volume confirmation.
Trade chiuso: obiettivo raggiunto
target hit 
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Declinazione di responsabilitĂ
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.