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According to the 15-minute chart for Farmers & Merchants, the Relative Strength Index (RSI) has reached an overbought level, accompanied by a bearish Marubozu candlestick pattern on December 4, 2022 at 10:30. This indicates that the stock price has experienced a rapid increase that is not supported by fundamental analysis, suggesting that sellers are in control of the market. As a result, it is likely that the bearish momentum will continue.
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