On the weekly TF RMB Holdings has been re-accumulating and broke the trading range with good signs of strength (SOS) (or Jumped the creek according to Wyckoff terminology). There has been a back-up and we are potentially looking at the start of the Mark-up Phase E. The stock is also showing leadership against the Wyckoff Wave and increased volume on the up waves and declining volume on the down waves.
Note
On the daily TF after the pullback last week it is possibly a good time to go long with the momentum. Note
A retest of the overbought trend line but good rejection seen and possibly a continuation of Phase E.Note
After struggling to get away from the 200 Day SMA RMH has shown signs of strength again. Could be testing the highs at 90 soon.Note
After being held by the 200 Day MA RMH gaped below the MA. As the structure is broken this we will have to look how the new structure develops and if it will find support at the previous trading range and Yearly Pivot Point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.