Uptrend reversed after one large double top and two small double tops. RMBS is forming a small double top and holding support of 200 EMA. If the price falls below 48.5, it may go all the way down to 44, which is a strong support level. By this time RSI would also be in oversold category. RMBS may then start is next uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.