Consolidating like crazy after big volume bars earlier from few weeks. Needs lot of patience as it moves slowly. Ideally far out options or really long term hold (6 montsh) will work perfectly.
Monthly Uptrend continue Weekly Uptrend Daily Open Long on correction Open 22 SL 18,5 TP 35 RR 4
looks pretty gnarley. especially if you consider the background noise..
see full chart at www.tradingview.com FCX Entry $15 Target 1 $17 Target 2 $20 stoploss $13 Why? Why it is a buy? Stimulus bill #2 will eventually come out by 2021, Along with FOMC mentioning that they will allow inflation to run wild. what that means is that, the fundamental value of GOLD and other minerals will increase in price. While everyone is focus on...
Historically NYSE:FCX has been bearish the week of or week leading into AMEX:XLB dividend. Shown here is its support and resistance, movement this summer, along with selloff in correlation to XLB dividend dating back to Dec 20, 2019. Materials and metals have popped this year with AMEX:GLD taking charge earlier this summer. FCX has beat earnings expectations...
concerning breakdown on fcx this week. Maybe bit of comfort seeing aapl, and amzn have a similar patterns? Thought was worth a note..
High probabilty trade here. On the technical side the FCX chart is showing a bullish ascending triangle, whilst on the fundamental side FCX's primary product both copper and gold continue to be very bullish . Should be some tailwinds with recent market volatility and possible rotation over the next little bit as well.
Los indicadores indican posible ruptura alcista siguiendo el canal ascendente semanal. Pero hay posible retroceso a soporte anterior si no rompe la media de 200 y sigue con el patrón bajista de los últimos triángulos bajista.s
Whether or not the tech bubble pops, precious metals will continue to rise. $FCX is a safe low risk long term hold. Watch for Copper futures to quickly trade above $3.
We ended last week with a doji candle at the trendline from the 2011 highs and with RSI hovering around overbought levels. Copper's weekly and monthly close will be foreshadowing for markets into US Presidential Elections on November 3, 2020. Trade idea is a sell stop (or buy stop) above on a daily candle close below (or above) weekly doji candle. For...
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!