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Based on the 15-minute chart of Nexpoint Residential, the Relative Strength Index (RSI) has reached an oversold level. This indicates that the stock price has declined rapidly and is lower than its fundamental support level. Additionally, the chart has formed a bullish Marubozu candlestick pattern, which suggests that buyers are currently in control of the market. Given these factors, it is likely that the bullish momentum will continue.
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