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The 15-minute chart of Magnolia Oil & Gas has recently triggered a Bollinger Bands Narrowing signal, accompanied by a Bearish Marubozu candlestick pattern on December 26, 2022 at 14:30. This technical indicator suggests that the magnitude of stock price fluctuations is decreasing, and the market is currently under the control of sellers. As a result, there is a high probability that the bearish momentum will continue in the near future.
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