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matt_forex

Rejection at resistance

Short
Commercial Metals Company (NYSE:CMC)  
matt_forex  
NYSE:CMC   Commercial Metals Company
short Volume Indicator Support and Resistance Engulfing Candle
0
0
short volume supportandresistance engulfingcandle
Price was rejected at resistance. With a bearish engulfing candle as a confirmation.

CMC PE is 30.57 while the overall sectors PE is 23.90.

Waiting for another point of entry.
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