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Based on the technical indicators on First Merchants' 15-minute chart, there are several key points to note. Firstly, the Bollinger Bands are narrowing, which suggests that the magnitude of stock price fluctuations is decreasing. Secondly, the KDJ indicator has triggered a death cross, indicating a shift in the momentum of the stock price towards the downside. Furthermore, the bearish marubozu candlestick pattern at 12/02/2025 12:15 suggests that sellers are currently controlling the market, and there is a high likelihood that bearish momentum will continue. Overall, these indicators suggest that the stock price may continue to decrease in the near future.
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