Portage Biotech's 15-Min Chart Shows RSI Overbought and Bearish Marubozu Pattern
AinvestWednesday, Jun 11, 2025 10:02 am ET
1min readAccording to the 15-minute chart of Portage Biotech's stock, there have been two notable developments. Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock's price has risen excessively and rapidly, potentially exceeding its fundamental value. Secondly, a bearish Marubozu candlestick pattern appeared on June 11, 2023, at 10:00. This pattern suggests that the stock price rose significantly, but without any corresponding increase in trading volume, and indicates that sellers are in control of the market. Therefore, based on these indicators, it is likely that the bearish momentum in the stock's price will continue.
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