RMED 4-Hour Stock Chart

RMED appears to be nearing completion of a bottom reversal setup pattern that began in early February, following its post-offering gap down to the low $.30s. It is likely the stock will retouch the low-.30s or even get into the .20s to complete the setup. I anticipate a fast reversal after that resulting from heavy accumulation that has taken place since the offering wrapped. The downside risk is minimal given the low share price, so there is a favorable risk/reward opportunity here.

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RMED 4-hour chart
RMED 4-hour chart

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