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Based on the 15-minute chart of Alamo Group, the RSI has indicated an overbought condition, accompanied by a bearish Marubozu candlestick pattern on December 3, 2022 at 1:30 PM. This suggests that the stock price has risen at an unsustainable rate, exceeding its fundamental support levels, and indicates that sellers are currently dominating the market. As a result, it is likely that bearish momentum will persist in the coming period.
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