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Based on the technical analysis of Friedman Industries' 15-minute chart, the Bollinger Bands have narrowed, indicating a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has formed a death cross, suggesting that the momentum of the stock price is shifting towards the downside and may continue to decline. The bearish Marubozu candlestick pattern at 12/04/2025 15:00 further supports this interpretation, as it indicates that sellers have control of the market and bearish momentum is likely to persist. Overall, these indicators suggest that the stock price may experience further decreases in the near future.
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