RMBS is trading at 93.45, churning around its 30-week moving average in what technicals classify as a Stage 3 topping phase. The market’s focus is on a faulty 53% deep base spanning 19 weeks, with no valid VCP contraction and price sitting 45% below its 52-week high. Overall sentiment is cautious and deteriorating, with the trend template passing only 2 of 8 checks.
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