Note: I last spoke about MMC around mid October and since then it has consolidated and now it's showing signs of going higher.
* Excellent earnings * Very strong up trend * Very high 3-mont relative strength of 6.87 in the Financial sector * Breaking out of a ~2 month base with higher than average volume * We can see that it tried to break above earlier but came back down due to the market volatility * It's also showing healthy signs for a continuation on the weekly chart
Trade Idea: * If a little volatility doesn't bother you, now's a great time to enter as the price is still close to the broken level. * Moving forward, $171.13 should serve as support so if you're looking for a slight discount you can look for an entry around that area.
hey , how are you ?, what do you think about FCX ?? it has pass 40 and got to 42 LoI i saw some traders are saying could be Fed bull trap , any way could be nice if it crash back to buy it cheap =/
what do you think about FCX ?? it has pass 40 and got to 42 LoI i saw some traders are saying could be Fed bull trap , any way could be nice if it crash back to buy it cheap =/