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No. of Recommendations: 1

Looks like it's trying to rally today, has found some support at & around $7.00. That downtrend is savage & will take some breaking & even more for a break to hold. In any case $ 7.50 is the first resistance that RMD has to overcome before any long on this can be considered. A rally looks likley from these levels with an upside potential to around $9.50, over the intermediate term, longer term you'd expect that RMD will have more downside( a return to the current trend)

INTRADAY

http://www.ozestock.com.au/charts.asp?symbol=rmd&type=1day

6 Month Chart.

http://209.155.229.115/paritech_charts/ChartImg1.dll/GetGif?config=paritech&cid=1&exchange1=ASX&Time=6mo&Symbol=rmd&Frequency=1dy&PriceDisplay=candle&PriceIndicator=simpleMA&VolumeIndicator=none&Param1=200&Param2=90&comparisonSymbol=&comparisonSymbol2=&Height=375&Width=500&DateTime1=3520025:13:12PM

JR Not holding RMD.
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