isaacfigueroa
Long

Again, the big picture

NYSE:FCX   FREEPORT-MCMORAN INC
33 2 1
weekly chart
Can you outline an entry strategy along with an initial stop loss level?
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I am bullish here (very aggresive trade) with a stop loss right below the nice green candle on August 27 plus huge volume, also because It was very close of historical support (2008) and because this stock has more influence from the copper price action where I was bullish as well (no bullish long term). However given that this stock is bouncing from a big support, it is very volatile and still in a "bearish long term trend", I usually writte calls and take partial profits. I ended flat in this stock today.
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