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Based on the 15-minute chart of CoastalSouth, there are two significant technical indicators to consider. Firstly, the RSI (Relative Strength Index) has reached an overbought level, suggesting that the stock price has risen too rapidly and is no longer supported by fundamental analysis. This indicates a potential shift in momentum towards the downside, which could lead to further decreases in the stock price. Secondly, the KDJ (Keltner Channel Directional Indicator) has formed a death cross, which is a bearish signal that suggests a change in momentum towards the downside. Therefore, investors should be cautious and carefully consider their investment decisions based on these technical indicators.
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