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RS forms 1,2,3 Pullback Bullish on June 18
On Thursday, June 18th, RS moved down 1.87% while volume shrunk to 0.4× the usual levels. Mixed technical signals appeared with 1,2,3 Pullback Bullish and Non-ADX 1,2,3,4 Bullish suggesting upside potential, while MACD Bearish Signal Line Cross indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 391.98, 387.42 & 380.92, with resistance at 403.04, 409.54 & 414.1.
Current SwingTradeBot Technical Rating of RS: A
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