Freeport-McMoRan, Inc. ( NYSE:FCX ) Sector: Non-Energy Minerals (Other Metals/Minerals) Market Capitalization: 60.381B Current Price: $41.13 Breakout price: $41.60 Buy Zone (Top/Bottom Range): $39.00-$36.75 Price Target: $45.90-$46.20 Estimated Duration to Target: 71-80d Contract of Interest: $FCX 3/18/22 45c Trade price as of publish date: $1.93/contract
Reasons for likely short pull back : FCX is encountering a historical/psychological resistance @ ~$40. FCX is at the top of its current Pitchfork price channel. FCX is overbought (above 75 on RSI). Reasons for likely recovery : Fundamental Analysis - there is a shortage of copper for surge in post COVID extreme lockdown manufacturing. ...
Copper futures broke out of their wedge this week, with per tonne prices breaking the $10,000 milestone. Names such as Freeport-McMoran (FCX) are benefitting from this, while TRQ is on discount due to. setback in their mining process. Despite Fed tapering, copper is strong, surprisingly. I believe that now is the time to get in "The New Oil", as stated by...
Freeport Mcmoran has positive sentiment Weekly chart bullish flag confirmed And now at .618 fibonacci
high prices in copper market.. Doesnt seem to fit the supply demand story.. at least according to china.
Theta Thursday #Ideas 🎲 $FCX 39C > 37.74 | 35P < 36.49 🔵=Entry ⚪=TP1 Keep it Small, Use Stops, and Don't Chase See Profit Take Profit Best of Luck! 🍀
$FCX Target 45.95 for 21.92% Or double position at 29.43 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before...
I made a key code of the price action then found an exact match to this move in the past.... one that matched at lease 95% or better. That way if the move is that close to the same shape we have now it must mean the sentiment of the market was the same at that time. Therefore, the outcome should be the same coming out of the move. I then used PTP which is Past...
The ideas behind this portfolio are: 1- Benefiting from possible 6 trillion dollars infrastructure bill. 2- Being properly hedged using commodities. 3- Having exposure to the Tourism industry, apparel, and increased demand for gas in post-pandemic era. My recommended asset allocation: 50% stock: 25% cash: 25% Gold: 0 Cryptocurrency NYSE:VALE NYSE:RIO ...
FCX took a bold move above upper R line. I want to see more volume for a move like this to confirm so I will wait to see how serious the bulls are. R line is from 2014 at a previous peak. Trend is accelerating and well established. RSI peaks are divergent with price. Makes me hesitate. Might be corrected with new peak formed from breakage. Wait for bull buy in...
FCX is currently sitting above a support area so we wouldn't call this the absolutely best trade. That said, maybe a 2% max trade risk on it hitting the Stop-loss while keeping in mind that other ideas are available and better. However, if it does make a strong move off support, moving the TP higher and SL to breakeven will turn an ok trade into a great...
NYSE:FCX INVERSE HEAD AND SHOULDER UPTREND +FAST TURTLE BUY FiFT SPIKE UP MCDX+ BANKER SPIKE UP BANKER 70% ATOM BUY
Hi mates NYSE:FCX is perfect setup for long in bullish flag here is data for my trade: ------------------------Trade setup --------------------------- Entry: 33.80 Stop Loss: 32.45 Profit target: 43.60 ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that...
Caching this small move here. Next high volume area is above $35+ Tight Stop Loss at $32.15 Take profit at $34.00 and leave a runner in case it breaks and continues
Has developed into a massive C&H ... wow 👀 ... keep your eyes on this one folks $FCX $AKS $MP $HG_F $CL_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
Over the few first day of April, we will see or Doji (Evening star) began to form. Need to wait few confirmation signals.
after a 711% bullish rally in less than a year, I believe it is going to test its 50EMA, lower border of the channel and previous low at the same time! if it breaks below all three at the same time! a new ear will start! this might happen in the next 2 week, I will keep this on the watch list for daily candle closure below 32 for safe entry.
Get on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using. Copper 16YR seasonality nearing a...