Thread: RMBS - Looks like is close to attempting another breakout

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  1. 03-12-2017, #1
    asayowonarufu
    Join Date Jul 2014
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    Default RMBS - Looks like is close to attempting another breakout

    This strength is confirmed by price movement as well as two momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. The stock has held support at the $20.86 level and is displaying a screaming buy divergence on the upside. RMBS is also slowly under accumulation based on the OBV indicator. I think the market is waiting for fresh news to define the trend, however if the stock breaks above $21.43 ( red line ) , then that is a bullish sign as higher prices.
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  2. 03-13-2017, #2
    aspmwjlo23
    Join Date Oct 2014
    Posts 0

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  3. 03-16-2017, #3
    athenaOt
    Junior Member
    Join Date Dec 2014
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    Ok, so what should an investor do?
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  4. 03-17-2017, #4
    atqnadajga
    Join Date Jun 2014
    Location Kenya
    Posts 0

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    What he's saying: start buying when the price hits ~$21.43.
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