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Based on the 15-minute chart of Syndax, there are several technical indicators that suggest the stock may be experiencing a significant shift in momentum. Firstly, the Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has risen too quickly and may be at risk of a reversal. Additionally, the KDJ Death Cross has been triggered, which is a bearish signal that suggests the stock price is poised to decline further. These indicators suggest that the momentum of the stock price is shifting towards the downside and that there may be potential for further decreases in the stock price. Overall, these technical indicators suggest that investors may want to exercise caution when considering investments in Syndax.
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