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Based on the 15-minute chart of Palatin Technologies, the Bollinger Bands are currently expanding downward, which is indicative of a bearish market trend. The recent formation of a bearish Marubozu candlestick pattern on December 3, 2025 at 15:30 further supports this conclusion. As the sellers are currently driving the market, it is likely that bearish momentum will continue in the near future.
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