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According to the 15-minute chart for Brown-Forman A, the Relative Strength Index (RSI) has recently indicated an oversold condition, accompanied by a bullish Marubozu candlestick formation on December 2nd, 2023 at 9:45am. This suggests that the stock price has experienced a sharp decline, potentially exceeding the underlying fundamental value, and that buyers have regained control of the market. As a result, it is likely that bullish momentum will persist in the near term.
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