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According to the 15-minute chart of First Merchants, the KDJ indicator has triggered a Golden Cross, accompanied by a Bullish Marubozu pattern on November 3, 2022, at 11:00. This suggests that the momentum of the stock price is shifting in favor of an upward trend, with a high likelihood of further increases in value. As buyers continue to dominate market activity, the bullish momentum is expected to persist.
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