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Transcat's 15-minute chart has exhibited bearish indicators, including a MACD Death Cross and a KDJ Death Cross, coupled with a Bearish Marubozu pattern on December 8, 2022 at 14:30. This suggests that the stock price has the potential to continue its downward trajectory, with momentum shifting towards the downside and an increased likelihood of further decreases. Sellers currently dominate the market, and bearish momentum is expected to persist.
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