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Belden's 15-minute chart has triggered a reading on the Relative Strength Index (RSI) that indicates the stock's price has risen too rapidly and exceeds the level of support provided by fundamental analysis. This is coupled with a Bearish Marubozu candlestick pattern that emerged on December 4, 2022 at 10:45, which suggests that the sellers have taken control of the market. As a result, there is a strong likelihood that the bearish momentum will continue.
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