$Stocks $FCX Short Short

Freeport-McMoRan, Inc.NYSE

Description

⋅ Dec 20, 2021 6:33 AM

FCX has been Trading in a Consolidation range since October.
Expect a false breakout to the upside before falling to the Bottom of the range.

Entry $38-$40.00

S/L $42.00

TP1 $36.00
TP2 $35.40
TP3 $33.80
TP4 Open (Inflation)

Trade active

⋅ Dec 22, 2021 3:51 AM

This trade is ACTIVE at $39.33

Trade closed: stop reached

⋅ Dec 31, 2021 4:36 AM

Stop Loss hit losing trade . Do expect commodity prices to reverse

Comments

TORNADOF5

⋅ Dec 26, 2021 12:32 PM

seems like you wrong ? or could it be a bull trap soon ?? =/
thanks

killacam112004

⋅ Dec 26, 2021 1:48 PM

@TORNADOF5, yes very wrong with Christmas rally I’m still holding my shorts since this hasn’t blew past $42.00 and hasn’t retested $40.00 range. However looking at the chart it could go either way

TORNADOF5

⋅ Dec 26, 2021 2:16 PM

@killacam112004, yea , i hope will get a chance to buy lowers before it go to the moon ={

TORNADOF5

⋅ Dec 31, 2021 11:59 AM

@killacam112004, nice , will buy after crash :}
thanks