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Based on Elastic's 15-minute chart, a technical indicator analysis reveals that the stock has recently experienced a significant downturn, triggering an RSI (Relative Strength Index) reading in the oversold range. Additionally, the KDJ (KST-Diff-Jag) indicator has recently formed a Golden Cross at 11/13/2025 09:45, indicating a shift in momentum towards an upward trend. This suggests that the stock price has dropped too rapidly and is now supported by fundamental factors, with a potential for further increase in value.
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