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In a recent analysis of Air T's 15-minute chart, a notable technical indicator has been triggered, signaling a potential shift in market sentiment. Specifically, the Relative Strength Index (RSI) has indicated overbought conditions, while a bearish Marubozu candlestick pattern has formed on the chart. This suggests that the stock price has risen rapidly and exceeds the fundamental support it should have, implying that sellers have taken control of the market. Consequently, there is a likelihood that bearish momentum will continue, warranting a cautious approach to investing in the stock.
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