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Bollinger Bands Narrowing: Progress Software's 15min chart shows bearish Marubozu pattern
ByAinvest
Thursday, Nov 6, 2025 2:36 pm ET1min read
Progress Software's 15-minute chart has recently exhibited a narrowing of Bollinger Bands and a bearish Marubozu pattern, as of November 6, 2023, at 14:30. This suggests a decrease in the magnitude of stock price fluctuations, indicating a higher level of control by sellers. As such, it is likely that bearish momentum will continue.
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