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RMBS forms NR7 on August 20
RMBS posted a 1.43% gain on Thursday, August 20th, accompanied by 0.5× normal trading volume. consolidation patterns formed: NR7 and Narrow Range Bar, suggesting a potential continuation after price stabilization. Key support levels exist at 90.98, 89.82 & 88.63, with resistance at 93.33, 94.52 & 95.68.
Current SwingTradeBot Technical Rating of RMBS: F
Today’s move could mean more—check all the signals for RMBS on SwingTradeBot.
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