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According to the 15-minute chart for McCormick V, a significant technical indicator has been triggered. Specifically, the Moving Average Convergence Divergence (MACD) has crossed above its signal line, marking a Golden Cross. Additionally, the Relative Strength Index (RSI) has fallen to 12, which is considered oversold. This suggests that the stock price is poised to continue rising as it has reached a point of significant undervaluation relative to its fundamental support levels. The rapid decline in stock price has created a buying opportunity for investors seeking to capitalize on the potential rebound.
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