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.
I bought some short term options
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.
fcx buyers are very excited for the future! has been a good run. but, seems we never really got past phase 0 on the trade deal.. will the tariffs start to become bullish? Harder us pushes maybe quicker we find a solution.. agree to disagree? Taking a bit off table.. keeping close eye on copper.. who knows how high it may run. has been depressed for so...
Freeport-McMoran is attempting to break out of a bullish wedge pattern. There is a lot of options activity in this name with the February 21 $14 and the December 13 $12.50 calls. Note the bullish divergence just prior to its recent bullish move. We want to see the stock hold above the break out level. If the price can hold I am targeting $13.90 as my initial price target.
Attention to FCX if stock can continue to move higher. Trendline indicates 1.80% annual inflation. From a high of $17 in 1996 would equate to $~$26 2019. From a low of ~$3.81 in Nov 2000 a 1.80% annual inflation rate would equate to ~$5.35. From a mid point of $10.50 = $15.27
Copper making move ER in rear view Grasberg pit on track Things are looking ok here. Just need to hop over that resistance line... : ) What do ya'll think?