Possible Long Trade for FCX-Freeport

BATS:FCX   Freeport-McMoRan, Inc.
I prefer to go long on FCX because of my COPPER expectation ( ). 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.


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