The daily RS line failed to move above the long-term downtrend (line c), and dropped below its WMA in mid-August.

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The RS analysis has been in a long-term downtrend since 2009 (line c), which is a sign of weakness.

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The RS line has confirmed the recent highs, with long-term support at line c.

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Currently the RS line is in a short-term downtrend after breaking its uptrend, line c, in early November.

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