Extended Leader Offers Swing

٢٨ نوفمبر ٢٠٢٢

RMBS broke out of a cup base 4 weeks ago and now has 3 tight weekly closes and a flag. The weekly chart shows very nice accumulation, and I would consider this for a swing trade if it can push above the trendline since this is very extended from the 10 week and 50 day moving averages.