BiomX 15-Min Chart Triggers RSI Oversold, Bullish Marubozu Pattern Emerges

BiomX's 15-minute chart has exhibited a notable RSI reading, indicating oversold conditions. Furthermore, the presence of a bullish Marubozu candle at 02/06/2023 13:45 suggests that the stock price has experienced a sudden and significant decline, potentially below the level of fundamental support. However, this downward movement has been countered by a resurgence in buying activity, which suggests that buyers are currently in control of the market. Consequently, it is likely that the bullish momentum will persist in the near term.