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According to the 15-minute chart for American Water Works, a significant technical indicator known as the KDJ Golden Cross was triggered on December 2, 2022, at 15:15. This bullish signal suggests that the momentum of the stock price is shifting in favor of an upward trend and has the potential to continue increasing. Furthermore, the presence of a Bullish Marubozu candlestick pattern reinforces this positive outlook, indicating that buyers are firmly in control of the market. Overall, the technical analysis suggests that the bullish momentum is likely to continue.
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