Cactus's 15min chart: MACD Death Cross, KDJ Death Cross, Bearish Marubozu confirmed.
Based on the 15-minute chart for Cactus, there have been notable technical indicators triggered. Specifically, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, indicating a shift in momentum towards the downside. Additionally, the KDJ (Kappa Stochastic Divergence Index) has also crossed below the signal line, further supporting the notion of bearish momentum. Furthermore, the chart has exhibited a bearish Marubozu candle at 12:00 on December 8, 2022, which suggests strong selling pressure in the market. Given these indicators, it is likely that the stock price has the potential to continue falling, with sellers exerting control over the market. Overall, the bearish momentum is expected to persist.
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