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Evertec's 15-minute chart has triggered a downward expansion of Bollinger Bands, accompanied by a bearish Marubozu candlestick formation on January 20, 2023, at 11:15. This technical indicator suggests that the market trend is currently driven by a dominant selling pressure, as sellers are exerting control over the market. As a result, the bearish momentum is likely to persist in the near term.
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