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While most of the major technology companies have undergone drawdowns since August, the coal mining industry has undergone a strong uptrend. However, it is noteworthy that the rapid surge has slowed down recently and there is a possibility of having another sector rotation back to the technology companies as the rate hike is near the end. Even as one of the leading stocks in this sector, it has also exhibited a bearish candlestick pattern and downward breakout of the trendline, showing the potential of being short selling.
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