Phoenix Asia: RSI Overbought and Narrowing Bollinger Bands on 15min Chart

Wednesday, Dec 3, 2025 3:32 pm ET1min read

Phoenix Asia's 15-minute chart has triggered a bearish signal, as the Relative Strength Index (RSI) has reached an overbought level and the Bollinger Bands have narrowed significantly on March 12, 2023 at 15:30. This suggests that the stock price has risen too quickly and is no longer supported by fundamental factors, indicating a decrease in the magnitude of price fluctuations.

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