FCX - Key resistance level reached & watching for bearish entry

After a strong bearish move price has pull back to a key resistance level of 16.70 -17.00. This is a key area to begin watching for bearish price action in the form of bearish pin bar , engulfing bar, evening star , etc. The next key support level below is 14.00 which makes a good profit taking level and could make for an attractive risk/reward scenario.

An aggressively bearish position could be short stock or a moderately bearish position with some insurance would be to sell the 18 strike calls.
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