DmitryZZZ

Freeport w43 2020. Buy on positive earnings Q3 up to 20$

Long
NYSE:FCX   FREEPORT-MCMORAN INC
Flat correction in Downtrend

Weekly
Reversal and Uptrend

Daily
Strong Uptrend
Price in 5th Elliot wave .
Looking for pullback and open position.
Positive earnings on Q3 will help to continue uptrend with steam

It is little bit risky active due to has Debt/Equite=1.1
However Freeport has other attractive financial stats, looking comptetive in sector "Cooper".

Variant conservative
Open 18
TP 20
SL 17

Positive with breakout

Open 18$
SL 14$
TP 35$

Comments

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