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According to the 15-minute chart for Independent, a technical indicator analysis reveals a significant bearish trend. The MACD (Moving Average Convergence Divergence) indicator has triggered a "Death Cross," indicating a potential reversal in the stock's momentum, with a shift towards the downside. Furthermore, the KDJ (KST Divergence Indicator) has also triggered a "Death Cross," reinforcing the notion that the stock's momentum is likely to continue decreasing. Additionally, the presence of a "Bearish Marubozu" candlestick pattern at 12:30 PM on 4/12/2025 further supports this bearish trend, as it suggests that sellers are currently dominating the market and driving the stock price downwards. Overall, these technical indicators suggest that the stock has the potential to continue falling, with a strong bearish momentum likely to persist.
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