RMC.ASX_LongENTRY: 2.32
TP1: 2.51
TP2: 2.87
SL: 2.10
- ADX>25
- RSI>60
- FFI and RS +ve
- MAs are aligned
- Break-up with good volume on 25 Jan 2021
- Retraced with hammer candle on 26 Jan 2021 and entered here
RMC trade ideas
$RMC:ASX - RESIMAC GROUP - Up 200% in 12 months.RMC has been having a great run over the last 12 months and with a bit of a pullback could be worth a watch if it resumes its run.
Resimac Group Ltd. engages in the provision of mortgage origination and management of home loans. It also engages in the securitization of mortgages through residential mortgage trust, a special purpose vehicle used to residential mortgage backed securities. The firm operates through three segments: Australian Lending Business, New Zealand Lending Business and Paywise Business. The company was founded by Timothy Alastair Holmes and Robert Peter Salmon in 1985 and is headquartered in Sydney, Australia.
