$FCX on the way to $40 a share Long

Freeport-McMoRan, Inc.NYSE

Description

⋅ Aug 24, 2014 9:01 PM

Hit the 161.8 of AB on this completed ABCD, 113 acting as res. from previous high. Both determined the 3rd wave, PA turned down for a ret. @50fib., broke out of the narrow descending channel towards completing wave 5.