Trio-Tech's 15min chart signals bearish trend with MACD Death Cross and KDJ Death Cross.
Based on Trio-Tech's 15-minute chart, there have been three indicators that have triggered a bearish signal. Firstly, the MACD (Moving Average Convergence Divergence) has crossed below the signal line, indicating a shift in momentum towards the downside. Secondly, the KDJ (Stochastic Oscillator) has also triggered a death cross, further reinforcing the bearish sentiment. Finally, the 15-minute chart has also shown a bearish Marubozu candlestick pattern, which suggests that the stock price has closed below the opening price, indicating a strong bearish momentum. Overall, these indicators suggest that the stock price has the potential to continue falling, and the momentum of the stock price is shifting towards the downside, with a high likelihood of further decreases in the stock price. Sellers currently control the market, and bearish momentum is likely to continue.
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