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In the context of Mega Fortune's 15-minute chart, the recent crossover of the MACD indicator from a bullish to a bearish signal, coupled with the presence of a bearish Marubozu candlestick formation at 12:00 on March 3, 2023, suggests that the stock price may be poised to continue its downward trajectory. As the MACD death cross indicates a shift in market momentum from buying to selling, the bearish Marubozu further reinforces the notion that sellers are currently in control of the market. This bearish momentum is likely to persist, indicating a potential for further declines in the stock price.
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