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According to the 15-minute chart of Shoe Carnival, the KDJ Death Cross and Bearish Marubozu pattern observed on December 1st, 2022, at 12:00 PM, indicates a shift in the momentum of the stock price towards a bearish trend. This suggests that the stock price has potential for further decline, with sellers currently dominating the market. It is likely that this bearish momentum will persist in the near future.
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