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Mercantile Bank's 15-minute chart has recently exhibited a KDJ Death Cross and a Bearish Marubozu, as observed on September 4th, 2023 at 10:45. This indicates that the momentum of the stock price is shifting towards the downside and has the potential to further decrease. Sellers appear to be in control of the market, and there is a strong likelihood that the bearish momentum will continue.
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