PSP has just entered RSI 70+ territory (currently ~73), marking the first time it has reached overbought levels in this cycle. This is a strong momentum signal after a long consolidation phase.
Analysis
Price is trading above the 52-week SMA (~4.37 THB), confirming a bullish shift in trend.
Momentum has been building steadily, supported by increasing volume, showing strong market participation.
The RSI crossing above 70 for the first time is often a sign of the beginning of a short momentum run, not necessarily the end.
Analysis
Price is trading above the 52-week SMA (~4.37 THB), confirming a bullish shift in trend.
Momentum has been building steadily, supported by increasing volume, showing strong market participation.
The RSI crossing above 70 for the first time is often a sign of the beginning of a short momentum run, not necessarily the end.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.