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The 15-minute chart of Merchants' stock recently triggered a narrowing of Bollinger Bands, a KDJ Death Cross, and a bearish Marubozu pattern on December 2, 2022 at 14:15. These technical indicators suggest that the magnitude of stock price fluctuations is decreasing, the momentum of the stock price is shifting towards the downside, and there is potential for further decreases in the stock price. The sellers currently control the market, and it is likely that the bearish momentum will continue.
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