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At Polibeli Group, a notable technical indicator has emerged on the 15-minute chart. Specifically, the Moving Average Convergence Divergence (MACD) has formed a Death Cross, a condition where the short-term moving average crosses below the long-term moving average, suggesting a potential continuation of the downtrend. Additionally, the Relative Strength Index (RSI) has entered overbought territory, indicating that the stock price has risen too rapidly and is now unsupported by its fundamental value. Furthermore, the Bollinger Bands, which measure the volatility of the stock price, have narrowed significantly, signifying a decrease in the magnitude of fluctuations. All these indicators point towards a potential decline in the stock price.
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