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Based on Locafy's 15-minute chart, a series of technical indicators have been triggered, suggesting a potential downturn in the stock price. Specifically, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, indicating a bearish trend. Additionally, the Bollinger Bands have narrowed, indicating a decrease in volatility, while the KDJ (KST-Diff) has also crossed below the signal line, further reinforcing the bearish trend. These indicators suggest that the stock price is likely to continue falling, with a decreasing magnitude of fluctuations, and a momentum shift towards the downside. Consequently, there is potential for further declines in the stock price.
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