FCX moving towards a finish in wave 3. Looking for a correction then final move in this impulse.
FCX is breaking out this morning to new near term highs. Its price is above the supporting moving averages. I'll take this trade.
Not sure, we'll see if it confirms. neutral pattern where all parties involved wind up scratching their heads..
Between April 29th and May 12 a clear short term bear flag appears to be forming. Long term there appears to be an underlying bullish symmetrical triangle that began forming back in Feb 2020. This underlying bullish triangle would normally be of concern, yet the SPY has a similar formation which is a long term Bear Flag that began forming in February and as of...
Hello, from what I’m seeing it’s showing head and shoulders in the 1 hour chart indicating further drops to copper by EOW and big boy companies like FCX should feel the burn real soon. We see the right shoulder bigger than in the RSI and the left shoulder smaller than the one in the rsi showing us kind of a hidden divergence of a future downtrend that’s about to...
Looks like another DCB into 13dma rejection. Break of 2.44-48 area was BIG. 2016 lows should be tested
Big wedge on copper chart. make or break time. imagine all the big charts have same ominous outlook.. Good Luck!
... for a .57 credit. Notes: High rank/implied with earnings. Going with a Plain Jane Wheel of Fortune short put here, as I did with BBBY. (See Post Below). Break even/cost basis in shares at 11.43.
here i have planned out the 3 bump plan. you pick the ending. fun right? leave a comment if have something to add!
if whole world catches flu at roughly same time .. there will be trouble. world seems pretty scared? Is anyone watching ports? Are boats still rolling in from china?
Similar to $TNX. Looks like it wants to go lower meaning coronavirus still impacting China
had expected this to break to the north.. those new xtra large red bars are making me wonder about south. Always amusing looking back at these things .. lot of grand visions of tight supply and never ending demand. thats not what the traders think. What happens to the spy if copper tries for $2.00? Fed pump keep balloon in the air? sales team looking strong...
NYSE:FCX Revision to previous chart/idea. After earnings, fcx took a dump, thanks to corona virus news, copper prices dropping, and overall index weakness. Not really sure how the market will react to fed day on wed. Assuming its not too bad, i think the bullish pattern continues. FCX is on sale and could be a good long term entry. With production in...
copper caught the virus.. maybe the 100 day 200 day crossover will help to get off the floor? Has good history of inspiring strength. Just what the doctor ordered? FCX
Time to go long FCX. The sector is moving higher and FCX is breaking out to new highs.
Short update. Please reference my first FCX chart for my initial thoughts. The current rally is sitting roughly at 78.6% retracement of the prior move from April 16th of 2019. As you can see we paused a little bit and consolidated after the initial move up from $8.30 (which also resulted in a pause/sideways movement). I'm looking for AT LEAST a movement to...
here's something im sure we've all been watching.. looks pretty flaggy. IF the trade stuff is settling out, and markets general attitude stays upbeat. I think this looks real nice. Of course this has a lot of strings attached. good luck!
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.