Get started
orancapital

Possible Long Trade for FCX-Freeport

Long
Freeport-McMoRan, Inc. (BATS:FCX)  
orancapital  
BATS:FCX   Freeport-McMoRan, Inc.
Support and Resistance Trend Lines Fundamental Analysis
0
0
supportandresistance trendline fundamental
I prefer to go long on FCX because of my COPPER expectation (
Copper's Upside Potential
). In 2024 growth might slow a bit but with the rate cut expectations looming, Freeport might give some buying oppurtunity as long as S&P 500 entered a bear mode. I don't expect a breakout at the key 46.50 top however. I think 2.71 R/R ratio is good enough for a trade like this.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.